What does the adoption of stablecoins tell us about the global economy?
What does the growing adoption of stablecoins reveal about distrust in national currencies and digital refuge?
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 tied to a stable asset like the US dollar, offer a familiar refuge in a digital format, responding to a palpable need of ordinary people.
