Deep Tide TechFlow message: On July 22, according to Cointelegraph, research by the Bank for International Settlements (BIS) shows that USD-pegged stablecoins are forming a kind of “digital dollarization,” with their fund flows in emerging markets being less sensitive to capital controls and foreign-exchange restrictions than traditional foreign-currency deposits.

The research believes that stablecoins may allow households and businesses to hold dollar-denominated assets while bypassing the banking system, thereby weakening monetary sovereignty and creating new challenges for financial stability regulation. Meanwhile, data from the International Monetary Fund (IMF) and industry figures show that stablecoin use continues to grow in cross-border payment, remittance, and asset-allocation scenarios in regions such as Nigeria and Latin America.