Company
Date Published
Author
Team Circle
Word count
1148
Language
English
Hacker News points
None

Summary

Businesses are increasingly turning to USDC, a stablecoin, to improve the speed and reduce the cost of cross-border B2B payments, which are expected to reach $40 trillion in 2024. Traditional cross-border transactions often involve high fees and lengthy processing times, with some remittances taking over 24 hours to complete. USDC leverages blockchain technology to facilitate near-instantaneous and cost-effective transfers by eliminating the need for multiple intermediaries and currency conversions, while providing a secure and transparent transaction history. This efficiency makes USDC an attractive payment option for businesses, especially those engaging remote workers and freelancers globally, who express a strong interest in receiving payments through stablecoins. As digital dollars become more prevalent, platforms like Lemon, Félix, and Airtm are enabling users to hold, exchange, and spend USDC seamlessly, helping businesses save on transaction costs and offering potential advantages in attracting global talent.