The BIS has a new report out on stablecoins that goes deeper than most into the utility of stablecoins in emerging economies.
#1 – it’s as a store of value. Indicators show more stablecoin activity in countries with high inflation, unsurprisingly.
But then the store of value use case can encourage more payments utility – if a business is holding stablecoins, it might as well use them.
bis.org/publ/bppdf/bisp…