Can Stablecoins Break Free From the US Dollar? – Decrypt
In brief USD‑pegged stablecoins account for nearly the entire market, driven by liquidity, regulation, and global dollar dominance. Non‑dollar experiments, from national currencies to commodity and basket‑backed designs, have struggled to scale. Alternatives still encounter skepticism following the collapse of Terra in 2022. More than a decade after the first stablecoins emerged, the U.S. dollar...
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