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Payroll in USDC: Tax Chaos Unloved | Views

Source: CoinWorld
Stablecoin wage payments are faster and cheaper than traditional fiat currency transfers, but its adoption also faces many obstacles, including trust issues caused by incidents such as Terra's collapse, security risks brought about by wallet hackers, and regulatory uncertainty. Tax complexity and accountants’ indecision (who often influence wage decisions) further hinder their adoption. Clearer regulatory provisions like the US GENIUS Act are expected to standardize stablecoin wage payments, with the expected size of the stablecoin market reaching $2 trillion.
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