What does the adoption of stablecoins tell us about the global economy?

The emergence of stablecoins in the global financial landscape is more than just a technological innovation; it is a clear symptom of the deep tensions that run through the economies of many countries. Unlike volatile cryptocurrencies like Bitcoin, stablecoins, being linked to a stable asset such as the US dollar, offer a familiar refuge in a digital format, responding to a palpable need of ordinary people. Their growing adoption, especially in regions with fragile economies, reveals a fascinating story about the distrust in traditional financial institutions and the search for alternatives for value preservation.