Stablecoins hit $322B, now larger than FX reserves of 95 nations
Coindesk •
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Promote with Leviathan NewsThe combined stablecoin market cap has reached a record $322B, bigger than the FX reserves of 95 countries including the UK, Canada and the UAE, with only 14 nations above it. That scale shows dollar liquidity is moving onto crypto rails for trading, DeFi and cross-border payments, but BIS warns the same rails can speed capital flight, weaken local currencies and bypass controls in emerging markets.
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