News Explorer — Total Stablecoin Market Cap Exceeds FX Reserves of 95 Countries

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May 26, 6:16 am

Coindesk

Total Stablecoin Market Cap Exceeds FX Reserves of 95 Countries

The market value of stablecoins has surged to a record $322 billion, surpassing the FX reserves of 95 countries, including developed ones like the United Kingdom and Canada. Stablecoins, pegged to fiat currencies, are increasingly used for trading and cross-border payments, posing risks like capital outflows.

The market value of stablecoins has surged to a record $322 billion, surpassing the FX reserves of 95 countries, including developed ones like the United Kingdom and Canada. Stablecoins, pegged to fiat currencies, are increasingly used for trading and cross-border payments, posing risks like capital outflows.

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