Dollar Stablecoins Could Put Pressure on Local Currencies, Korea Finds

Dollar-backed stablecoins could pressure local currencies when exchanges allow direct fiat purchases, a Bank of Korea study found. Researchers examined 12 currencies on Binance, including Brazil’s real, and tracked trading involving USDT and USDC. Stablecoin Demand Hits Currency Markets The findings linked dollar-stablecoin demand with foreign-exchange markets. When demand rises, market makers can sell local […] Read The Full Article Dollar Sta…