Stable coins are often mimicking the value of the US$.
Outside the "developed" world banks are not as system relevant. Some exceptions are there as we've seen in Paraguay
What is your opinion on stable coins?
Con USDT fail and bankrupt say 50% of Asia's traders?
The 2025 GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act established the first comprehensive US regulatory framework for US dollar (USD)-backed stablecoins, setting the stage for significant growth of these digital assets in the coming years.
source:
https://www.economicstrategygroup.org/publication/stablecoins-after-genius-private-money-public-debt-and-the-global-dollar/In my eyes stablecoins show what a unrestricted $ could do. Banks in the 3rd World are selling $, you need to apply, pay a cut.
Binance, Airtm, Nexo, Crossmint among other using the flow,
interested in more info?
https://www.bis.org/publications/dollarisation-and-monetary-control-what-lessons-rise-stablecoins.pdf
