Are Stablecoins Becoming the US Dollar’s Global Distribution Layer? - Investing.com
Are Stablecoins Becoming the US Dollar’s Global Distribution Layer? - Investing.com
Source: Investing.com
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DW NOTE
Stablecoins settled $27.6 trillion onchain in 2025 — more than Visa. That's not crypto adoption, it's dollarisation without the Fed's permission. Developing countries whose central banks ration hard currency now have a parallel market with instant settlement and no capital controls. The Treasury loves it until someone asks who actually backs the peg when half the reserves are in overnight repos.