S&P Global Ratings projects that stablecoins may account for 20% of deposits in emerging markets, especially in high-inflation countries. The appeal stems from currency depreciation and the demand for remittances, alongside potential regulatory constraints as adoption increases.
Argentina and India are leading nations in USDC adoption, utilizing this stablecoin for wealth preservation as local currencies struggle. With USDC pegged at 1.00 USD and a market cap of 73.68 billion USD, its stable performance amid market fluctuations reflects growing interest in digital assets.
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