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Local Stablecoins May Accelerate Dollarization Instead of Preventing It

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BIS says 98% of stablecoins are USD-denominated and $35T moved on-chain. Data from Argentina, Turkey, and Nigeria shows local coins may entrench dollar use.

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Local Stablecoins May Accelerate Dollarization Instead of Preventing It

Crypto Daily 2h ago

Local Stablecoins May Accelerate Dollarization Instead of Preventing It

BIS says 98% of stablecoins are USD-denominated and $35T moved on-chain. Data from Argentina, Turkey, and Nigeria shows local coins may entrench dollar use.