Stablecoins could serve as an adoption for the adoption of the US dollar, according to the Atlantic Council, a non -partisan reflection group.
Barbara C. Matthews and Hung Tran, senior scholarship holders at the council geoeconomics center, notes in a new analysis that the $ 227 billion market is “tiny” compared to the 6.22 billions of dollars in the American capital markets and to The global market capitalization of $ 3.39 billion.
“If the growth rates with two current figures for stables-co-centers continue, they could constitute a considerable proportion of the overall market capitalization of cryptography, otherwise the capital markets themselves. Most importantly, the vast majority of stablecoins are set to the US dollar.
Quick adoption rates associated with rapid transaction volumes and speed on the Stablecoin markets mean that Stablecoin and CBDC decisions today can amplify continuous movement on the reserve currency markets. The dramatic changes in the status of reserve currency have historically been rare events. The more likely scenario for threats to the domination of the dollar implies a range of alternative currencies that nibble on the role of the dollar on the sidelines. »»
Analysts of the Atlantic Council note that the share of the Dollar of Global FX reserves increased from 71% in 2001 to 54.8% currently. They say that stablecoins could potentially play a role in reversing this trend.
“In this context, the choices made by individual users can have a material impact on the state of the global reserve currency. The general adoption of stable -coated stables in US dollars could even reverse the trend of relaxation. The decisions taken by political decision -makers in 2025 will therefore have a significant impact on the way in which the Stablecoin and a dollar markets are evolving. »»
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