Skip to main content

Global Stablecoins

Definition

Global Stablecoins are digital assets designed to maintain a stable value relative to a fiat currency or commodity, intended for widespread international use. These stablecoins possess the potential for broad adoption across multiple jurisdictions, serving as a medium of exchange and store of value on a worldwide scale. Their design often incorporates mechanisms to mitigate price volatility, such as backing by reserves or algorithmic controls. The scale of their potential reach necessitates careful consideration of their impact on monetary policy and financial stability.