The total market value of stablecoins has reached 32.2 billion USD, surpassing the foreign exchange reserves of more than 95 countries
According to CoinDesk, the total market value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of over 95 countries. The amount of fiat currency held by users through non-traditional banking channels has now exceeded the official foreign exchange reserves of Poland, Thailand, Mexico, as well as the UK, Canada, UAE, and 95 other countries. Currently, only 14 countries/regions have foreign exchange reserves that exceed the market value of stablecoins. Stablecoins are widely used for cryptocurrency trading, DeFi settlements, and cross-border payments. The Bank for International Settlements report indicates that cross-border stablecoin flows have significantly increased since 2022, particularly active in regions with high inflation and severe exchange rate fluctuations. However, the BIS also warns that stablecoin trading may trigger capital outflows, putting pressure on vulnerable domestic currencies to depreciate.
You may also like

Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold

Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again

SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era

Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech

Agentic Design Patterns: A book that made me rethink "What exactly is an Agent?"

The richest chairman of the Federal Reserve in 112 years has arrived: Kevin Warsh is rewriting the rules

Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship

New Types of Information Laundering in Prediction Markets: How Secrets Integrate into Investment Signals

Vitalik emphasized in a post that Ethereum must be "amazing," but the foundation is not the center

DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code

WEEX Bitcoin Pizza Day: Zero Fees, BTC Cashback & 150,000 USDT to Honor Crypto History

a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets

The secret to Hyperliquid's success dismantled from the five-layer financial stack

After Futu Securities was banned, will buying stocks on-chain be the new remedy?
Why Crypto Traders Are Watching Gold and Nasdaq Again in 2026

Why have foreign exchange stablecoins never taken off?

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms




