People Will Switch from Local Currencies to Dollars as Stablecoins Become More Prominent: Report - Crowdfund Insider
People Will Switch from Local Currencies to Dollars as Stablecoins Become More Prominent: Report - Crowdfund Insider
Source: Crowdfund Insider
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DW NOTE
The report assumes stablecoins will displace local currencies, but that only happens where the local currency is already failing. Dollar-pegged tokens don't create demand for dollars — they reveal it. If Nigerians or Argentines are switching to USDC, it's because the naira and peso have already lost the confidence game. The stablecoin is just infrastructure for a preference that predates the technology.