Plain English with Derek Thompson cover image

Is Crypto Entering a New Golden Age—or Just a New Era of Failed Promises?

Plain English with Derek Thompson

CHAPTER

The Role of Stablecoins in Economically Challenged Regions

This chapter examines the role of stablecoins in regions grappling with economic instability, where individuals turn to dollar-pegged cryptocurrencies to protect their assets. It highlights the significance of stablecoins in emerging markets, particularly in the Global South, amidst challenges like high inflation and unreliable banking systems.

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