In a world where more than 1.1 billion freelancers are active, a new way of receiving payments has been introduced. Remote has announced the launch of payments in the USDC stablecoin through the Stripe payment system.
What will change for freelancers?
1. Instant payments, available at any time of day or night
2. Protection against inflation of local currencies
3. No need for a bank account
4. Low transaction fees
At the outset, the service is available to:
• Companies based in the U.S.
• Freelancers from 70 different countries
• Through the Remote platform
USDC is a stablecoin pegged to the U.S. dollar on a 1:1 basis. Currently, the capitalization of stablecoins stands at $163 billion, with daily transaction volumes reaching $14 billion.
Why is this important?
Major financial institutions and regulators are starting to recognize stablecoins as a legitimate method of payment. For instance, the UAE, Hong Kong, and Singapore have already established official regulatory frameworks for their use.
