Re:UST “Stablecoin” at $.43
by JumpCrisscross on Wednesday May 11, 2022 @06:09AM
(#31337847)
> Do transfers in the US really take three days, rather than a second or so?
They take about thirty minutes (Fedwire), given banks’ antifraud procedures. That said, I can wire moderate amounts (generally, less than $25,000) in seconds to known counterparties. There are also P2P rails like Venmo for small, instant transfers, though that’s a gross settlement system.
They take about thirty minutes (Fedwire), given banks’ antifraud procedures. That said, I can wire moderate amounts (generally, less than $25,000) in seconds to known counterparties. There are also P2P rails like Venmo for small, instant transfers, though that’s a gross settlement system.