The Stablecoin Sandwich Is Missing the Trust Layer

The stablecoin sandwich has become one of the most persuasive models for explaining how digital currencies like stablecoins can improve cross-border payments. The way the sandwich gets made is typically as follows: A business begins with fiat currency inside the regulated financial system. The money is converted into a stablecoin, transferred across a blockchain network and then exchanged back into local fiat currency at the destination.