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Stablecoins Surge in Emerging Markets Amid Inflation and Remittance Needs
Stablecoins, digital assets pegged to fiat currencies, have witnessed remarkable growth globally, particularly in emerging markets. This growth is driven by several reasons, including their role as a hedge against inflation, a tool for remittances and cross-border trade, and a bridge to financial inclusion. As the Trump administration in the US explores regulations for the crypto industry, stablecoins are already thriving in regions where traditional banking often falls short.
In inflation-ridden economies like Argentina and Venezuela, stablecoins offer a dollar-pegged refuge from depreciating local currencies. They also serve as a cost-effective tool for remittances and cross-border payments in Africa and Central America, and provide a more accessible alternative to traditional USD banking in places like Indonesia. Cornell University Trade Policy professor Eswar Prasad highlights their essential role in providing easy and widespread access to a low-cost digital payment system in low and middle-income economies with underdeveloped financial systems.
Access to the US dollar, widely seen as a global store of value, has been a key driver of stablecoin adoption in emerging markets. Most stablecoins are dollar-pegged, with USDT (USDT) Tether leading the market at nearly 60%, followed by USDC (USDC). Julián Colombo, senior director at Bitso, a Mexican crypto exchange, emphasizes that stablecoins offer a way to bring the benefits of crypto to real-world use cases, not just the potential to get rich off Bitcoin.
Momentum is growing in the United States around stablecoins, with a bipartisan group of senators introducing legislation to establish a regulatory framework. White House AI and crypto czar David Sacks has emphasized that stablecoin regulation is a top priority for the administration. Stablecoin growth has been spectacular, with a staggering $100 billion added to their market value in the past year, reaching a total of $225 billion as of February 2025. USDT still reigns supreme, commanding over 60% of the market, but challengers are rapidly gaining ground.
Stablecoins have gained significant traction in emerging markets as a store of value, a hedge against inflation, and a tool for cross-border transactions. A recent Chainalysis report found that in regions like Africa, Eastern Europe, Latin America, and Asia, stablecoin adoption far outpaces that of Bitcoin, accounting for nearly half of all crypto transactions
#AIandStablecoins #MileiMemeCoinControversy #BTC $BTC
In inflation-ridden economies like Argentina and Venezuela, stablecoins offer a dollar-pegged refuge from depreciating local currencies. They also serve as a cost-effective tool for remittances and cross-border payments in Africa and Central America, and provide a more accessible alternative to traditional USD banking in places like Indonesia. Cornell University Trade Policy professor Eswar Prasad highlights their essential role in providing easy and widespread access to a low-cost digital payment system in low and middle-income economies with underdeveloped financial systems.
Access to the US dollar, widely seen as a global store of value, has been a key driver of stablecoin adoption in emerging markets. Most stablecoins are dollar-pegged, with USDT (USDT) Tether leading the market at nearly 60%, followed by USDC (USDC). Julián Colombo, senior director at Bitso, a Mexican crypto exchange, emphasizes that stablecoins offer a way to bring the benefits of crypto to real-world use cases, not just the potential to get rich off Bitcoin.
Momentum is growing in the United States around stablecoins, with a bipartisan group of senators introducing legislation to establish a regulatory framework. White House AI and crypto czar David Sacks has emphasized that stablecoin regulation is a top priority for the administration. Stablecoin growth has been spectacular, with a staggering $100 billion added to their market value in the past year, reaching a total of $225 billion as of February 2025. USDT still reigns supreme, commanding over 60% of the market, but challengers are rapidly gaining ground.
Stablecoins have gained significant traction in emerging markets as a store of value, a hedge against inflation, and a tool for cross-border transactions. A recent Chainalysis report found that in regions like Africa, Eastern Europe, Latin America, and Asia, stablecoin adoption far outpaces that of Bitcoin, accounting for nearly half of all crypto transactions
#AIandStablecoins #MileiMemeCoinControversy #BTC $BTC
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BOOST YOUR REWARDS IN #rockyrabbit
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Bitcoin price prediction – Tracing BTC’s path to its mid-term target of $75000
Things might have changed for Bitcoin [BTC] after the completion of its 4th halving. However, in terms of its price, the more things change, more they remain the same. AMBCrypto came to this conclusion after tracking its coin transfers to derivative exchanges. According to data from CryptoQuant, the number of BTC sent to derivative exchanges has increased significantly.
Specifically, we observed that this has been the handwork of whales. Historically, when this happens at a fast rate, it implies that whales are preparing to open long Bitcoin positions.
#Bitcoin #Binance #Ethereum #bigbull $BTC
Things might have changed for Bitcoin [BTC] after the completion of its 4th halving. However, in terms of its price, the more things change, more they remain the same. AMBCrypto came to this conclusion after tracking its coin transfers to derivative exchanges. According to data from CryptoQuant, the number of BTC sent to derivative exchanges has increased significantly.
Specifically, we observed that this has been the handwork of whales. Historically, when this happens at a fast rate, it implies that whales are preparing to open long Bitcoin positions.
#Bitcoin #Binance #Ethereum #bigbull $BTC
#binanceCrypto Emerges as Key Determinant in US 2024 Election, Report Finds
A recent survey commissioned by Grayscale Investments highlights a significant shift in the priorities of American voters. The study, conducted by The Harris Poll, reveals that 73% of the participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence and cryptocurrency.
Cryptocurrency and Economic Concerns
The survey, which involved 2,090 adults, not only reflects the growing interest in technology but also underscores the relevance of cryptocurrency in the 2024 elections. Amid concerns about inflation, which 26% of respondents identified as a pressing issue, there’s a growing inclination towards digital assets.
Approximately 40% of those familiar with cryptocurrency expressed increased interest in Bitcoin, especially given the current economic scenario. Conversely, a similar percentage of participants unfamiliar with digital currencies showed less interest, pointing to a need for broader education on these technologies.
Political Landscape and Tech Outlook
The political landscape is evolving with these changing voter priorities. While digital assets have become a central theme in some candidates’ campaigns, like Republican Vivek Ramaswamy, the focus may shift as the 2024 Presidential Election approaches.
Current polls suggest a potential contest between Democratic frontrunner and U.S. President Joe Biden and Republican frontrunner, former President Donald Trump, whose candidacy faces legal challenges.
Increased Interest in Bitcoin
Grayscale’s analysis indicates that economic factors like inflation have historically spurred interest in alternative investment options like Bitcoin. The company suggests a significant correlation between being informed about Bitcoin and viewing it as a viable macro asset. This trend highlights the need for greater public education on emerging technologies to foster wider adoption.
#BTC #ETH $BTC
A recent survey commissioned by Grayscale Investments highlights a significant shift in the priorities of American voters. The study, conducted by The Harris Poll, reveals that 73% of the participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence and cryptocurrency.
Cryptocurrency and Economic Concerns
The survey, which involved 2,090 adults, not only reflects the growing interest in technology but also underscores the relevance of cryptocurrency in the 2024 elections. Amid concerns about inflation, which 26% of respondents identified as a pressing issue, there’s a growing inclination towards digital assets.
Approximately 40% of those familiar with cryptocurrency expressed increased interest in Bitcoin, especially given the current economic scenario. Conversely, a similar percentage of participants unfamiliar with digital currencies showed less interest, pointing to a need for broader education on these technologies.
Political Landscape and Tech Outlook
The political landscape is evolving with these changing voter priorities. While digital assets have become a central theme in some candidates’ campaigns, like Republican Vivek Ramaswamy, the focus may shift as the 2024 Presidential Election approaches.
Current polls suggest a potential contest between Democratic frontrunner and U.S. President Joe Biden and Republican frontrunner, former President Donald Trump, whose candidacy faces legal challenges.
Increased Interest in Bitcoin
Grayscale’s analysis indicates that economic factors like inflation have historically spurred interest in alternative investment options like Bitcoin. The company suggests a significant correlation between being informed about Bitcoin and viewing it as a viable macro asset. This trend highlights the need for greater public education on emerging technologies to foster wider adoption.
#BTC #ETH $BTC
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