Chayanika Deka
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Chayanika Deka
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Financial journalist for five years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm
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US Tops Global Stablecoin Buys Amidst Crypto Winter to Spring Transition
Crypto
Article
While the US and the EU maintain strong representation, emerging markets such as Thailand, Brazil, and especially Turkey stand out regarding stablecoin purchasing as a share of national GDP.
Crypto
Quote
This international interest essentially highlighted a growing reliance on stablecoins like USDT across various regions, particularly in nations experiencing local currency volatility and devaluation, such as Turkey and Georgia. Residents in these countries frequently turn to stablecoins as a means to safeguard their savings amid currency fluctuations, according to insights from industry experts shared with Chainalysis.
Crypto
Quote