2026-01-02 16:25:48

After reviewing BlackRock's latest Global Market Outlook report, an interesting phenomenon was mentioned — stablecoins are quietly changing the control of fiat currencies in various countries. In simple terms, as the usage of stablecoins surges, the demand for local currencies in emerging market countries may face significant pressure.

This viewpoint touches on a key point: under the traditional financial system, the issuance of fiat currency is a core power of governments, but the emergence of crypto assets is beginning to change this logic. Especially in scenarios like cross-border payments and asset preservation, stablecoins are indeed vying for influence.

From market performance, assets like BTC, LINK, and POL this year also confirm the market's emphasis on this narrative. The increasing acceptance of stablecoins among users in emerging markets reflects concerns over the devaluation risk of their local currencies. The judgment from an institution-level entity like BlackRock also provides some reference signals to market participants.

BTC1,82%

POL7,46%

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LuckyBlindCat

· 4h ago

What is BlackRock hinting at... Can stablecoins really shake up the fiat currency system? It seems a bit exaggerated. For users in emerging markets, switching to stablecoins is mainly out of fear of local currency devaluation. It's not that stablecoins are so powerful, but rather the local financial environment is worrisome. BTC has broken through multiple levels, and you're still talking about narratives... I think it's just capital playing games. Will the government watch passively as stablecoins erode fiat currency authority? Future regulatory crackdown is inevitable. LINK and POL's price movements have little to do with stablecoins, stop talking nonsense. So, are stablecoins currently risk assets or safe-haven tools? The market hasn't figured that out yet.

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StealthMoon

· 4h ago

BlackRock's recent statement is indeed quite aggressive, hitting the soft spot of fiat currency... Stablecoins are increasingly resembling "Renminbi," just in a globalized form. Emerging market users have already voted with their feet; who would still foolishly wait for their local currency to depreciate? It's no surprise that BTC's reaction is also strong; signals of power transfer are everywhere.

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tx_pending_forever

· 4h ago

Stablecoins are indeed eating away at the central banks' market share in various countries. When BlackRock speaks out, it hits even harder. Is it a black swan or a gray rhino? Emerging market local currencies will have to accept their fate sooner or later. The advantages of stablecoins in cross-border payments are truly unstoppable, even the Federal Reserve is getting anxious. The performance of BTC and POL this year is basically a vote; the market has already seen through it. To be honest, central bank digital currencies still need to step up their game, or they'll really be overtaken by USDT and its competitors. Forget it, it's better to accumulate more stablecoins; at least there's some protection against devaluation risk. Once BlackRock's report came out, institutions had to recalculate their strategies. Emerging market local currencies are under immense pressure; putting yourself in their shoes, it's really hard to play along. The logic is actually very simple: stablecoins that fiat can't achieve can be achieved.

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MevWhisperer

· 4h ago

BlackRock's recent observation is quite sobering; the hemorrhaging of fiat currency is inevitable... Stablecoins are really eating into the business of central banks. To be honest, the emerging market folks are voting with their feet—who would want to hold devalued, worthless paper money? POL's sharp rise is probably due to this logic fermenting... the transfer of power has already begun. If this narrative really takes hold, traditional finance will be panicked. Stablecoins suddenly become a safe haven tool, and no matter how much the government promotes fiat currency, it won't help.

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BackrowObserver

· 5h ago

BlackRock's recent analysis indeed hits the nail on the head—stablecoins are truly eroding the power of central banks... --- The folks in emerging markets have already moved to stablecoins long ago. Who still trusts their own country's fiat? --- Wait, can stablecoins really threaten fiat currencies? That seems a bit exaggerated. --- The problem is, behind stablecoins is still the US dollar. In the end, isn't it still American control? Same soup, different spoon. --- That's why USDT is so popular in Argentina and Venezuela—their local currencies are already dead. --- BlackRock suddenly being so bullish on crypto narratives—are they also stacking coins secretly... --- After stablecoins became popular, cross-border payments became ridiculously convenient, but regulation is bound to come eventually. --- The real issue is that governments simply can't control what's on the blockchain. --- Even if stablecoins become popular, ordinary people still need to use banks. They won't be completely replaced. --- By the way, BTC's rally this year really synchronized with this narrative—coincidence? --- Stablecoins can't change much; it's a long-term game, not something that will be resolved in a year or two.

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SellLowExpert

· 5h ago

BlackRock is now also talking about stablecoins threatening fiat currencies. I think it's just traditional finance testing the waters. Stablecoins are really popular, but claiming they can truly shake up national fiat currencies... seems a bit exaggerated. The reason many users in emerging markets use them is because their own currencies are too bad, haha. When BTC hits a new high, no one talks about the threat to fiat currencies. When it drops, they start making up stories. Same old tricks. This is the real power shift— from central banks to decentralization, from regulation to freedom. The future will definitely be dominated by stablecoins. USDT user growth is indeed rapid, but the problem is it’s still centralized. Doesn’t that make it feel like it’s still under control? Black Mountain Village is making predictions again. Let’s wait until institutions truly go all-in on stablecoins. Right now, they’re just talking logically, but still holding US dollars in USDT. I believe it. Anyway, people in emerging markets have long stopped trusting their own countries’ fiat currencies. When stablecoins arrive, it’s just an escape, same soup, different spoon.

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