Evans pfp
Evans
@rileyll
Stablecoins can be an effective tool for international charities to distribute donations. Pegged to assets like the USD, they minimize volatility, ensuring predictable fund value. Their blockchain-based nature enables fast, low-cost cross-border transfers, bypassing traditional banking delays and high fees. Transparent ledgers enhance trust, allowing donors to track funds. However, challenges include regulatory uncertainty in some regions, limited crypto adoption, and the need for recipients to convert stablecoins to local currency, which may involve fees or access barriers. Charities must also ensure compliance with anti-money laundering laws and provide user-friendly interfaces for non-tech-savvy recipients. With proper infrastructure, stablecoins can streamline aid distribution, especially in underserved areas.
0 reply
0 recast
0 reaction