The BIS reports that 98% of stablecoins are USD-denominated, with $35 trillion moved on-chain. Data from Argentina, Turkey, and Nigeria indicates that local stablecoins may entrench dollar usage rather than prevent dollarization.
This item was indexed from its published source and tied to the entity records it names. The Counterparty reports what the market says and who it says it about; it does not rewrite the original report. Read the source for the full account.