Stablecoins are transforming from speculative assets to essential financial infrastructure, reshaping global liquidity and cross-border payments. These digital tokens, pegged to currencies like the U.S. dollar, enable fast and reliable money transfers, challenging traditional banking systems. The rise of stablecoins is marked by their integration into fintech apps, global payroll systems, and neobanks, supported by regulations like Europe's MiCA and the GENIUS Act. In the remittance sector, stablecoins offer a significant advantage by reducing costs and delays associated with international transfers. They allow for instant value transfer across chains, eliminating intermediaries and enabling programmability in finance. Local currency stablecoins are also gaining traction, with countries like South Africa launching rand-backed tokens to facilitate domestic trade and reduce foreign exchange risk. Despite this trend, dollar-backed stablecoins remain the global reserve asset on-chain, providing liquidity for regional economies.