Moody's: The rise in adoption of Crypto Assets in emerging markets poses risks to financial resilience.

robot
Abstract generation in progress

[Moody's: The Rise in Crypto Assets Adoption in Emerging Markets Poses Risks to Financial Resilience] Credit rating giant Moody's has stated in a new report that the adoption of Crypto Assets in emerging markets 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 rise, and leads to market pricing and settlement activities increasingly detached from the domestic currency, it will weaken the transmission effect of monetary policy. The report shows that by 2024, the number of cryptocurrency holders is expected to increase to 562 million, a growth of 33% compared to 2023.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)