The Value Propositions of Stablecoins

Stablecoins offer four key value propositions:

  1. Permissionless: Anyone, anywhere can access stablecoins (and therefore digital dollars), without intermediaries and middlemen like banks.
  2. Programmable: Each stablecoin is a smart contract, unlocking programmability for money. Developers can program conditions into how money moves with stablecoins.
  3. Cheap: Money can move globally between wallets at an extremely low cost through stablecoins and blockchain technology.
  4. Fast: Global money movement with stablecoins can be settled substantially faster than traditional, legacy payment rails.

The Role of Stablecoins in Payments

With these value propositions, stablecoins offer four key use cases for payment applications:

  1. Save: Stablecoins allow people and businesses from all over the world to access a reliable store of value.
  2. Spend: Stablecoins can be spent with certain merchants as a new form of money.
  3. Send: Stablecoins can be sent across borders, to any business or person, everywhere.
  4. Earn: Stablecoins offer permissionless access to interest and yield-bearing opportunities.

Why Plasma for Payments