1 hour ago
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That may improve local payments. It could also change how easily users move between currencies.
Once a domestic stablecoin trades on the same infrastructure as USDT, USDC and other dollar tokens, a conversion that once depended on banks or traditional FX markets may become possible directly onchain. For countries already concerned about dollarization, that creates a problem worth looking at before local stablecoins become widely used.
Key Takeaways
- Local tokens could ease access to digital dollars.
- Dollar stablecoins already dominate onchain liquidity.
- Stablecoin flows can spill into FX markets.
- Economic conditions will shape the final impact.
English (US)