Stablecoins have emerged as a significant player in the financial ecosystem, growing alongside market uncertainties such as US tariffs and inflation. With a market cap of $226 billion, dollar-pegged stablecoins account for over 98% of the supply, largely driven by Tether’s USDt, which constitutes over 60% of the total. Emerging markets like Brazil and Argentina heavily utilize stablecoins for transactions, with Argentina seeing a shift driven by high inflation and currency devaluation. The rise of decentralized onchain banks, or deobanks, is notable, as they provide accessible financial services using stablecoins, allowing users to retain control over their funds. Analysts predict that the stablecoin market will continue to grow, sparking new opportunities in cross-border commerce and enhancing financial inclusion. The integration of blockchain technology in this sector signals a move towards a more resilient financial ecosystem.

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