Definition ∞ International commerce encompasses the exchange of goods, services, and capital across national borders. This activity drives global economic integration and relies on established financial systems, trade agreements, and logistical networks. It is a vital component of the world economy.
Context ∞ Digital assets are increasingly presenting new avenues for international commerce by streamlining cross-border payments and reducing transaction costs. News reports often highlight how blockchain technology facilitates more efficient trade finance and supply chain operations. The potential for cryptocurrencies and stablecoins to disrupt traditional international payment rails is a recurring theme in discussions about global economic shifts.
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