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Stablecoins are powering deobanks

Coin Telegraph LogoCoin Telegraph2d ago

Stablecoins are powering deobanks - Coin Telegraph

Quick Summary:

Much of the volume is driven by flows in Tether’s USDt (USDT) and USDC (USDC). Dollar-pegged stablecoins dominate the market Stablecoins started as an experiment — a programmable digital currency that would make it easier for users to enter the crypto market and trade different digital assets.

Recent: US will use stablecoins to ensure dollar hegemony — Scott BessentBesides that, digital assets are going through a shift marked by “stablecoinization” and “dollarization.” Asian nations like China and Japan have offloaded record amounts of US Treasurys.

They open fresh avenues for cross-border commerce and new opportunities for financial inclusion. In the next few years, the combined rise of stablecoins and next-generation onchain banks will transform how money moves across borders and transactions are processed.

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Article Details

Author / Journalist: Cointelegraph by Maksym Sakharov

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 16:00:00 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 825 words

Reading Time: 5 minutes read

Sentences: 47 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27442476

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 31 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/stablecoins-are-powering-deobanks-17433472446662

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