Moreover, a single stablecoin can serve a different purpose depending on jurisdiction. For instance, in high-inflation nations like Zimbabwe and Nigeria, stablecoins have been adopted as alternative means of payment, remittances, and stores of value assets. Meanwhile, in advanced economies, stablecoins are widely used to fund cryptocurrency purchases.
Related posts
-
Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach
Billionaire investor and “Shark Tank” star, Mark Cuban, has... -
Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances
The Bangko Sentral ng Pilipinas, the central bank of... -
Mobile is make-or-break for web3 gaming adoption
Disclosure: The views and opinions expressed here belong solely to the author and do not represent...