🚨CENTRAL BANKS WARN STABLECOINS ARE HELPING THE DOLLAR WIN The BIS warns dollar-pegged stablecoins are not acting as an alternative to fiat, but as a faster way for people to move into the US dollar. During inflation or financial stress, households often flee weak local currencies for dollars. Stablecoins now make that switch almost instant through USDT or USDC. Since most stablecoins are tied to the dollar, this keeps the dollar at the center of the system instead of replacing fiat. The BIS warns that once dollar dependence takes hold, it can last for years.(Coin Bureau)