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moody's

Moody's 2026 Outlook: Stablecoins Will Become Core Market Infrastructure

According to Cointelegraph, Moody's latest cross-industry outlook report indicates that stablecoins are transitioning from crypto-native tools to the core of institutional market infrastructure.The report released on Monday shows that, based on industry estimates of on-chain transactions (not merely interbank fund flows), the settlement volume of stablecoins is expected to grow by approximately 87% in 2025 compared to the previous year, reaching about $9 trillion. Moody's believes that fiat-collateralized stablecoins and tokenized deposits are becoming "digital cash" used for liquidity management, collateral transfer, and settlement in an increasingly tokenized financial system. Moody's places stablecoins alongside tokenized bonds, funds, and credit products, viewing them as part of the integration of traditional and digital finance.In 2025, banks, asset management companies, and market infrastructure providers are set to launch blockchain settlement networks, tokenization platforms, and digital custody pilots to streamline issuance, post-trade processes, and intraday liquidity management. As enterprises build large-scale tokenized and programmable settlement infrastructure, the report estimates that by 2030, these initiatives will attract over $300 billion in investments in digital finance and infrastructure. In this landscape, stablecoins and tokenized deposits are increasingly becoming settlement assets for cross-border payments, repos, and collateral transfers.Moody's emphasizes that for stablecoins to become reliable institutional settlement assets rather than a new source of systemic fragility, security, interoperability, and clarity in governance and regulation are equally important.

first_img Moody's: The wave of cryptoization driven by stablecoins poses a severe challenge to currency sovereignty and financial stability in emerging markets

ChainCatcher news, according to Gelonghui reports, international credit rating agency Moody's recently warned that the crypto wave driven by stablecoins poses an increasingly severe challenge to monetary sovereignty and financial stability in emerging markets. The report points out that as cryptocurrencies like stablecoins accelerate their global adoption, emerging markets face the risk of weakened monetary sovereignty, with stablecoins pegged to fiat currencies like the US dollar widely penetrating the market, potentially eroding central banks' traditional ability to control interest rates and exchange rates. Moody's particularly emphasizes that if individuals shift their bank deposits to stablecoins or crypto wallets, the banking system may face deposit outflows, which would not only affect liquidity but could also undermine overall financial stability.Data shows that in 2024, the number of global digital asset holders has reached approximately 562 million, a year-on-year increase of 33%, with the fastest growth in emerging markets such as Latin America, Southeast Asia, and Africa. The main driving forces are the convenience of cross-border remittances, the demand for mobile payments, and the practical considerations of hedging against local currency inflation, contrasting sharply with the demand in developed economies driven by clear regulations and investment channels. Moody's warns that if regulatory gaps are not filled in a timely manner, the crypto wave may further amplify the monetary and financial security risks in emerging markets.
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