At $318 billion, the stablecoin market value exceeds the FX reserves of 95 nations

The combined market capitalization of stablecoins has climbed to a record $322 billion, effectively exceeding the foreign exchange reserves of 95 countries, including major economies like the U.K. and Canada. These blockchain-based tokens, pegged to fiat currencies, are increasingly used for trading, DeFi, and cross-border payments.

While stablecoins offer efficient alternatives to traditional banking, the Bank of International Settlements warns that their rapid growth may facilitate capital flight and currency depreciation in vulnerable economies. Only 14 nations currently maintain larger FX reserves than the total value held within the stablecoin ecosystem.

(Source：CoinDesk)