STABLECOINS: THE EMERGING MARKET STORY

Summary from the TLDR Crypto newsletter

Stablecoins have evolved beyond crypto trading and have become critical financial instruments in emerging markets, with over $160 billion in circulation and settling an estimated $2.6 trillion in H1 2024. This study, which combines onchain data analysis with survey results from developing countries, reveals that stablecoins are used for non-trading purposes like savings, currency conversion, and yield generation. Nigerians showed the highest stablecoin affinity.