17h05 ▪
3
min read ▪ by
Eddy S.
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Local stablecoins, supposed to reduce dependence on the dollar, might instead accelerate its dominance. According to the IMF, their adoption on the same blockchains as USDT/USDC facilitates the flight to the dollar. A counterproductive effect that raises questions. What if the solution became the problem?
In Brief
- Local stablecoins amplify dollarization through their interoperability with USDT/USDC.
- Tether (USDT) dominates. Its liquidity and global adoption make it the undisputed king of Stablecoins, despite its risks.
- Should we regulate, adopt, or…
