LIMITATIONS OF STABLECOINS

Summary from the TLDR Crypto newsletter

Stablecoins like USDC can be powerful for certain use cases, but for everyday remittances like sending money to a cousin in rural India, they're currently less practical than services like Wise, which offer instant, seamless fiat transfers with fewer hurdles. While stables shine for large business payments or users already familiar with crypto, their effectiveness is limited without efficient on/off-ramps and widespread local adoption.