KEABSAHAN STABLE COIN DALAM SISTEM PEMBAYARAN TERINTEGRASI

Abstract

The non-cash payment instrument that is currently widely used is electronic money. The electronic currency that is currently developing is Stable coin as an answer to the obstacles faced by the payment system where it still relies on third parties as payment product issuing companies but regulations still show inconsistencies in the regulation. The research problem formulation in this article is what are the juridical implications for the validity of transactions using stable coins in a payment system that is integrated with a foreign exchange transfer system. The type of research in this article uses normative juridical research with interpretation analysis techniques on legal materials. The results of the study indicate that the use of stable coins for remittance purposes and foreign trade is legal, as long as the parties agree to use stable coins as a closed loop payment instrument in the system. The use of stable coins in remittances is only limited as a means of intermediary for remittances, but if the use of stable coins is limited it will have negative implications for growth supporting institutions of remittances.