Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are increasingly boosting stablecoins as a means for payments and remittances, especially in the developing world. Recently, Bitcoin-based payments app Strike integrated USDT as part of its global expansion to 65 countries. Earlier, rival stablecoin issuer Circle teamed up with payment firm Block’s (SQ) subsidiary TBD to offer remittance payments using its own stablecoin, USDC.
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