Crypto
Asia local-currency stablecoins account for less than 1 percent, speed is key - Tiger Research report
Tiger Research said in a report that Asia’s local-currency stablecoins account for less than 1 percent of the $300 billion global stablecoin market and that speed of response is crucial before a dollar-centred ecosystem becomes entrenched. It said about 99 percent of stablecoins are dollar-pegged and outlined regulatory approaches in Singapore, Hong Kong, Japan, China and South Korea. The author said careful design is needed but caution must not turn into delay.
