Tiger Research reveals that China and India are leveraging stablecoin transactions with Russia, despite domestic cryptocurrency regulations. Their report, "How Stablecoins are Changing Global Trade Beyond Sanctions," highlights the efficiency of decentralized finance (DeFi) at a national level. Stablecoin Trading Benefits: The report suggests these nations are experiencing faster and cheaper international transactions compared to traditional banking systems. This bypasses some regulatory hurdles and offers greater financial flexibility. Impact on Global Trade: The use of stablecoins could reshape global trade dynamics. It may also lead to further adoption of digital currencies and DeFi solutions in international commerce, even in countries with restrictive crypto policies. The trend suggests a growing influence of stablecoins that extends beyond sanction evasion. ```