Stablecoins Revolutionize Trade Finance
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Geopolitical tensions, particularly the war involving Iran, are causing a shift in global trade finance. Banks are debanking commodity traders due to compliance issues, leading to a squeeze in the two trillion dollar market. Stablecoins, especially Tethers USDT, are stepping in as alternatives, with transaction volumes topping four trillion dollars. Haycen, a trade finance stablecoin outfit, is introducing USDhn token for instant settlements, potentially accelerating the shift to crypto rails as banks continue to de-risk.
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