Stablecoin

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<ul class="wp-block-list news-points">
 <li>Crypto investors favor stablecoins over Bitcoin for payments.</li>
 <li>The adoption of stablecoin in regions like Sub-Saharan African and Latin America has skyrocketed.&nbsp;</li>
 <li>Ripple President Monica Long stated that stablecoin for payments is the future.</li>
</ul>
Stablecoins, cryptocurrencies pegged 1:1 to fiat currencies, have exploded in popularity. They’ve even beaten out Bitcoin (BTC) in transactions across the globe. Specifically, regions like Latin America and Sub-Saharan Africa have embraced these fiat-pegged assets, even as BTC hit $106,000 for the first time in history.
This Chainalysis <a href="https://www.chainalysis.com/blog/stablecoins-most-popular-asset/" target="_blank" rel="noopener noreferrer nofollow">blog post</a> explains how people in emerging markets use stablecoins to hedge against local monetary instability. They provide “a more reliable means of transacting and preserving value.” Furthermore, stablecoins have made a significant impact in Latin America and Sub-Saharan Africa due to their practicality for low-cost remittances, secure yield options, and access to DeFi services.
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<a href="https://coinedition.com/yellen-pushes-for-stablecoin-oversight-as-financial-risks-mount/" rel="noopener noreferrer nofollow">Read also: Yellen Pushes for Stablecoin Oversight as Financial Risks Mount</a>
This growth is evident in the jump in stablecoin transfers under $1 million, which indicates non-institutional activity. Latin Am…
The post <a href="https://coinedition.com/stablecoin-adoption-booms-in-emerging-markets-outpacing-bitcoin/" rel="noopener noreferrer nofollow">Stablecoin Adoption Booms in Emerging Markets, Outpacing Bitcoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Stablecoin Adoption Booms in Emerging Markets, Outpacing Bitcoin

Coin Edition

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