There are other reasons why having stablecoins is useful.
Regular money can’t be transferred digitally. If you want to send money to someone, both your bank and their bank need to speak the same protocol. This isn’t an issue usually but try sending a large transfer (>100k) or sending money internationally.
Stablecoins have the protocol built into it. Just by using a stablecoin, you are able to receive and send the coins digitally to anyone else who uses them.
That is true, but I have used Forex services before to transfer money internationally. Using stablecoins is going to be harder.
Forex service:
1. Set up deal.
2. Country A: Transfer your Bank -> Forex Bank
3. Country B: Receive Forex Bank -> your Bank
"Large" transfers (I am not rich so someone can chime in about millions) are a bit different. There is no problem doing the above, it is the same. But you might trigger AML/KYC questions at both the banks and with the Forex service. But this might also happen when transferring from fiat to crypto (more likely, many banks are now extra careful if they think the money is going to crypto).
Regular money can’t be transferred digitally. If you want to send money to someone, both your bank and their bank need to speak the same protocol. This isn’t an issue usually but try sending a large transfer (>100k) or sending money internationally.
Stablecoins have the protocol built into it. Just by using a stablecoin, you are able to receive and send the coins digitally to anyone else who uses them.