Stablecoins can cut cross-border payment fees from 5-20% down to less than a penny. In countries with hyperinflation, people can convert local currency into USDC to hold a stable US dollar. Gold-pegged tokens offer exposure to gold without physical storage.
Payment remittances, it costs anywhere from 5 to 20% per transfer depending on what it is. In crypto, it can be less than a penny. So this really revolutionizes literally the entire world. Let's go over kind of the, the main DeFi tools so you understand. The first thing is stablecoins. So these are cryptocurrencies that are pegged to real-world currencies like the US dollar. So literally the whole purpose of a stablecoin is to be a crypto version of the US dollar or the euro or the yen, whatever it is. They even have a gold version. So like something that tracks the price of gold. So instead of going and buying a whole bunch of gold and storing it in your house, you could actually buy a gold version. I believe it's through Tether, the company Tether, and you could just hold that instead. And if the price of gold goes up, you make money. And it's the same thing with the stable currencies. The reason why this is important is because it's a lot cheaper to send from one part of the world to another. Not only that, think about all these third world countries with hyperinflation to where their dollar doesn't hold any value. The person can take their money instead, put it into USDC, and now they get the stable currency of the United States dollar.
