Stablecoin Adoption Booms in Emerging Markets, Outpacing Bitcoin

Quick Summary:

Specifically, regions like Latin America and Sub-Saharan Africa have embraced these fiat-pegged assets, even as BTC hit $106,000 for the first time in history.

Stablecoins, cryptocurrencies pegged 1:1 to fiat currencies, have exploded in popularity.

They’ve even beaten out Bitcoin (BTC) in transactions across the globe.

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: IndiaSaudi Arabia

Topics: Market Tether (USDT) News Stablecoin Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 07:20:00 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 139 words

Reading Time: 1 minutes read

Sentences: 50 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24430236

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

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