Stablecoin Market Value Surpasses FX Reserves of 95 Nations

The total market value of stablecoins has reached a record $322 billion, surpassing the foreign exchange reserves of 95 countries, including developed economies like the United Kingdom and Canada, according to CoinDesk. This highlights the rapid shift of capital to digital platforms. Stablecoins, which are tokenized versions of fiat currencies pegged to the U.S. dollar or other currencies, are increasingly used for trading, DeFi, and cross-border payments. However, global regulators warn that they could accelerate capital flight and currency depreciation in emerging markets.