Economics · Financial Technologies
Major financial institutions often evaluate stablecoins for wholesale finance applications. Which of the following scenarios best illustrates the function of stablecoins as 'programmable money'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A customer converts local currency into a stablecoin via a mobile app to make an international retail purchase with lower transaction fees.
- 2A central bank uses a stablecoin to conduct routine daily open market operations by buying and selling government securities.
- 3An insurance firm automatically releases a stablecoin payment to a shipping company immediately upon a smart contract verifying the delivery of goods and customs clearance.✓
- 4An investment fund uses stablecoins to purchase a diversified basket of volatile cryptocurrencies, aiming to maximize investment returns.
Correct answer
An insurance firm automatically releases a stablecoin payment to a shipping company immediately upon a smart contract verifying the delivery of goods and customs clearance.
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