Emerging markets drive the vast majority of stablecoin volume, using USDT for crucial tasks like remittances and access to US dollars amidst high inflation. However, this rapid growth comes with growing challenges. Unregulated issuers and opaque reserves are issues in these markets, while the United States faces its own innovation constraints. In contrast, US-based stablecoins are regulated, requiring full backing by short-term assets like Treasury bills. This framework ensures stability but prevents issuers from distributing interest earnings to holders. 50% of BitPay users rely on stablecoins for supplier payments and bill settlements, highlighting the growing integration of these digital dollars into conventional financial operations. Businesses are increasingly embracing them.