This is the advantage of stablecoins, yet it is rarely mentioned.
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According to a report by Rabobank, US dollar-backed stablecoins have expanded the United States' monetary influence overseas by keeping real capital within the country. When foreign entities purchase these stablecoins, US issuing institutions convert the demand into purchases of US Treasury bonds, thereby offsetting fiscal deficits at lower interest rates, while only digital tokens circulate across borders. Meanwhile, non-dollar stablecoins are also gaining popularity, with their total supply surging by 260% over the past year and a market capitalization reaching $1.55 billion. This digital dollar system is increasingly being applied in the payments sector, especially in the crypto card field (which currently has a market size of $18 billion), where stablecoins play a facilitating role, enabling users to transact on traditional bank card networks.
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