Deep Tide TechFlow News, May 26 — According to CoinDesk, the total market value of stablecoins has risen to a record $322 billion, surpassing the foreign exchange reserves of over 95 countries, including the UK, Canada, Poland, Thailand, Mexico, and the UAE. The report states that stablecoins are mainly pegged to fiat currencies like the US dollar, with current market activity primarily centered on USDT and USDC. Stablecoins are widely used for cryptocurrency trading, DeFi settlements, and cross-border payments.



The Bank for International Settlements (BIS) stated that since 2022, cross-border flows of stablecoins have grown significantly, especially in regions with high inflation and volatile exchange rates, which may also pose risks of capital outflows and local currency depreciation.
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