# Пов'язані статті щодо Global Finance

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Global Finance", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

BIS Latest Research: Stablecoins and the Future of the Global Monetary Landscape

The Bank for International Settlements (BIS) Working Paper No. 170 analyzes the rise of stablecoins and their impact on the global monetary system. Stablecoins, privately issued digital tokens pegged to fiat currencies, have grown exponentially since 2014, with a market dominated by USD-pegged variants like USDT and USDC. Their core function remains within the crypto ecosystem, though use in cross-border payments and as a store of value in high-inflation emerging markets is increasing. The report identifies stablecoins as a new form of offshore dollar claims, extending dollar liquidity via blockchain. Their stability depends entirely on reserve quality and market arbitrage, lacking traditional banking safeguards. In the short term, stablecoins reinforce the US dollar's dominance, posing risks to monetary sovereignty in emerging market and developing economies (EMDEs) by facilitating "digital dollarization," which can undermine local currency deposits, capital controls, and monetary policy effectiveness. The BIS outlines three potential future scenarios: 1) Niche adoption within crypto (baseline), 2) Widespread "digital dollarization" in EMDEs (high-risk), and 3) Integration of domestic currency stablecoins (ideal but challenging). Effective global regulatory coordination is crucial to manage risks like reserve transparency, cross-border spillovers, and illicit activities. The report concludes that stablecoins represent a structural force reshaping international monetary hierarchies, presenting both opportunities for payment efficiency and significant risks to financial stability and autonomy, necessitating robust policy responses.

链捕手06/01 02:54

BIS Latest Research: Stablecoins and the Future of the Global Monetary Landscape

链捕手06/01 02:54

The Infinite Expansion of 'Tradability': NYSE's 24/7 Trading Has Nothing to Do with Crypto's Victory or Defeat

The New York Stock Exchange (NYSE) is developing a tokenized securities platform to enable 24/7 trading of stocks and ETFs, using stablecoins for instant settlement and allowing fractional share purchases. Partnering with established financial institutions like BNY Mellon and Citigroup, the move represents a significant shift toward blockchain-based solutions in traditional finance. This initiative breaks down traditional barriers: time (enabling continuous global trading), space (facilitating cross-border access with stablecoins), and investment thresholds (allowing micro-investments). While these innovations originated in the crypto space, their adoption by major institutions like NYSE and Nasdaq signals a broader expansion of "tradability" rather than a victory for crypto itself. The trend toward non-stop, accessible, and global trading is accelerating, with traditional and crypto-finance ecosystems increasingly converging. The core transformation is the erosion of limits on what, when, and how assets can be traded—making the world a perpetual marketplace.

比推01/20 03:34

The Infinite Expansion of 'Tradability': NYSE's 24/7 Trading Has Nothing to Do with Crypto's Victory or Defeat

比推01/20 03:34

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