S&P Says Regulation Could Increase Stablecoin Adoption as Number of Holders Nears 100M

Moreover, a single stablecoin can serve a different purpose depending on jurisdiction. For instance, in high-inflation nations like Zimbabwe and Nigeria, stablecoins have been adopted as alternative means of payment, remittances, and stores of value assets. Meanwhile, in advanced economies, stablecoins are widely used to fund cryptocurrency purchases.