Stablecoins in Emerging Markets

This chapter examines the role of stablecoins in emerging markets such as Brazil, Indonesia, India, Nigeria, and Turkey, highlighting their usage for trading, saving, and currency conversion. It discusses the phenomenon of crypto dollarization, especially in Nigeria, and its effects on central bank policies and remittance efficiency. Furthermore, the chapter emphasizes the need for regulatory frameworks to address risks while harnessing the transformative potential of stablecoins for financial inclusion.