Wu Blockchain (@WuBlockchain): Why Are Stablecoins Intensifying Currency Volatility in Emerging Markets?
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Why Are Stablecoins Intensifying Currency Volatility in Emerging Markets? On December 16, Bitwise CIO Matt Hougan and Head of Research Ryan Rasmussen said on Bankless that while stablecoins help individuals hedge against inflation, they may intensify capital outflows and dollarization in emerging markets, weakening currency stability and central bank control. They argued that stablecoins are not the root cause, but rather amplify existing vulnerabilities driven by fiscal mismanagement and persistent inflation. Source: https://twitter.com/i/web/status/2004041581406687601