1inch (@1inch) “FX reserves exist for a reason: to stabilize currencies, absorb external shocks,” — TopicDigg
1inch
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FX reserves exist for a reason: to stabilize currencies, absorb external shocks, pay foreign debts.
Stablecoins are doing something similar - but outside central banks, outside correspondent banking, outside legacy rails.
The BIS confirmed it: cross-border stablecoin flows have grown substantially since 2022, sharpest in high-inflation and capital-restricted markets.
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