For Coreum and ChangeNOW, expanding the role of stablecoins within the crypto ecosystem, plays an important role in highlighting the importance of robust and scalable blockchain infrastructures. Coreum's cutting-edge technology and ChangeNOW's extensive platform support are paving the way for wider adoption and practical applications of stablecoins, ensuring a seamless and efficient user experience across the globe.

Why we need StableCoins? ChangeNOW’s View

Stablecoins are essential in the digital currency ecosystem, offering stability, liquidity, and accessibility. They effectively bridge the gap between volatile cryptocurrencies and traditional financial systems, enabling seamless and low-risk transactions. The positive future of stablecoins is evident as they become increasingly active on various robust blockchains.

For instance, Tether recently partnered with the TON ecosystem to enable USDT on TON, demonstrating growing adoption. At ChangeNOW, we support stablecoins on over 15 blockchains, including Ethereum, Binance Smart Chain (BSC), NEAR, TON, and more. This extensive support ensures that users can access stablecoins across multiple platforms, enhancing their utility and adoption.

Additionally, stablecoins have a promising future as more innovative and resilient blockchains, like Coreum, begin to support them. Coreum's high transaction throughput, smart token capabilities, compliance, and interoperability make it an ideal platform for stablecoin issuance and adoption. These features are crucial for ensuring that stablecoins can operate efficiently and securely, providing users with a reliable means of conducting transactions and preserving value.

Maximizing Stablecoin Benefits on Coreum

Here are a few compelling examples of how stablecoins can be effectively utilized on Coreum to drive efficiency, reduce costs, and enhance user experiences in both personal and business contexts.

1. Cross-Border Payments. A multinational corporation based in the United States wants to pay its suppliers in Asia. Using a stablecoin issued on Coreum, the corporation can make cross-border payments quickly and at a lower cost compared to traditional bank transfers. The stablecoin ensures that the value of the payment remains stable, avoiding the volatility of other cryptocurrencies.

2. Remittances. An individual working abroad wants to send money back to their family in their home country. By using a stablecoin on Coreum, the sender can transfer funds instantly and with minimal fees. The family receives the stablecoin, which can then be converted to the local currency, ensuring that the value of the remittance is preserved.

3. Decentralized Finance (DeFi). Users can participate in various DeFi protocols on the Coreum blockchain using stablecoins. They can lend their stablecoins to earn interest, use them as collateral for loans, or provide liquidity to decentralized exchanges (DEXs). The stability of the stablecoin mitigates the risk associated with price volatility in DeFi activities.

4. E-Commerce. An online retailer can accept stablecoins issued on Coreum as a form of payment. This allows customers to make purchases without worrying about the price fluctuations of cryptocurrencies. The retailer benefits from faster transaction times and lower processing fees compared to traditional payment method.

Stablecoins are pivotal in bridging the gap between traditional finance and the crypto world, providing stability, liquidity, and accessibility. Coreum’s robust and scalable infrastructure makes it an ideal platform for stablecoin issuance and adoption, paving the way for innovative financial solutions for enterprises of all sizes. With the support of ChangeNOW, users can easily access and utilize stablecoins across a wide range of blockchains, ensuring flexibility and convenience.

As the ecosystem continues to witness the growth of stablecoins, the synergy between Coreum and ChangeNOW exemplifies how collaboration and technological innovation can drive the digital currency ecosystem forward. By supporting stablecoins across diverse platforms and ensuring compliance and interoperability, we are laying the groundwork for a more inclusive and efficient financial future.

Whether you are a business looking to leverage the benefits of stablecoins or an individual seeking stable investment options, the combined efforts of Coreum and ChangeNOW offer a promising pathway towards achieving your goals in the digital economy. Together, we are building a future where stablecoins are not just a financial tool but a cornerstone of a more connected and stable global economy.

About Coreum

Coreum, the world’s first Superledger. A 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network.

Website: coreum.com

Twitter: @CoreumOfficial

TG: @CoreumOfficial