Credit rating giant Moody's says in a new report that emerging market adoption of cryptocurrencies poses risks to monetary sovereignty and financial resilience.
Moody's pointed out that if the penetration rate of stablecoins pegged to the US dollar continues to increase, and the market pricing and settlement activities are increasingly carried out away from the national currency, it will weaken the transmission effect of monetary policy.
According to the report, the number of cryptocurrency holders is estimated to have increased to 562 million by 2024, a 33% increase from 2023.
Moody's: Rising cryptocurrency adoption in emerging markets poses risks to financial resilience
2025-09-26 10:16:56
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