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Payments Corner: Stablecoins vs Fed Now
Manage episode 503207860 series 3459262
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"Stablecoin, while very cool, is blockchain-based, which gets everyone a little crypto-y and nervous, but it's pegged right to the US dollar."
Join Jacqueline and Jordan back in the Payments Corner to discuss Stablecoins and FedNow! Both forms of real-time payments, but they operate differently and are suited for different uses. The main differences are in their speed, settlement, and scope. Stablecoins, like FedNow, offer a way to move money instantly, but they are blockchain-based and pegged to a stable asset like the US dollar. This makes their value predictable and static, unlike volatile cryptocurrencies.
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