CryptoWorld news reports that Sandeep Nailwal said local stablecoins are key for global users to enter the on-chain world. By transferring Brazilian real or Japanese yen between two people, users can avoid losing part of their funds in every transaction due to foreign exchange and intermediary fees. He noted that about 89% of local-currency stablecoin activity in Latin America is already running on Polygon, and the on-chain payment volume for JPY tokens has just surpassed $100 million. This is no longer a theory—it’s a reality happening now.

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