Jesse Pollak: Pushes Zero-Fee Stablecoin Remittances
Jesse Pollak details zero-fee stablecoin remittances via dollar to local currency swaps, driven by issuers' float growth incentives for seamless onramps.
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Jesse Pollak, architect of Base network, tweeted a vision for frictionless remittances: users send dollar stablecoins to family, who convert to local currency stablecoins and offramp 1:1 with essentially 0% fees. Stablecoin issuers, hungry to expand float, offer free onramps and FX conversions, echoing past discussions on Tether (USDT) trust and Unionbank's multi-currency exchanges. This aligns with Base protocol's push for on-chain efficiency, potentially disrupting traditional remittance giants amid rising Bitcoin (BTC) adoption in emerging markets. Long-tail searches spike on stablecoin remittances, zero-fee onramps, and float growth incentives as crypto evolves.
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@jessepollakBase Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.