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The costs that can come with a stablecoin paycheck

CryptoSlate says workers paid in stablecoins may face conversion, withdrawal and exchange-rate costs before their wages reach a bank account or local currency.

CryptoSlateCR
1 Source, 20d ago, first seen 20d ago

TLDR

A paycheck can arrive in seconds and still cost money to use, CryptoSlate says. Workers paid in stablecoins may encounter conversion, withdrawal and exchange-rate costs when accessing their wages. The outlet argues that faster settlement helps, but what matters is how much of the paycheck is actually spendable.

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1.8K

1 Source, first seen 20d ago

5 likes1 comments1 saves

Combined views

1.8K

1 Source, first seen 20d ago

5 likes1 comments1 saves

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1 Source

CryptoSlate@CryptoSlateYour paycheck can arrive in seconds and still cost you money to use. Workers paid in stablecoins may face conversion, withdrawal and exchange-rate costs before wages reach a bank account or local currency. Faster settlement helps, but what matters is how much of the paycheck is actually spendable. https://cryptoslate.com/stablecoin-salaries-can-leave-workers-paying-to-access-their-wages/20d
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    1 Source

    CryptoSlate@CryptoSlateYour paycheck can arrive in seconds and still cost you money to use. Workers paid in stablecoins may face conversion, withdrawal and exchange-rate costs before wages reach a bank account or local currency. Faster settlement helps, but what matters is how much of the paycheck is actually spendable. https://cryptoslate.com/stablecoin-salaries-can-leave-workers-paying-to-access-their-wages/20d
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