Are stablecoins offering financial safety nets to millions of people in crisis-stricken countries or sparking an unprecedented threat to national economies? The use of digital dollars backed by the US dollar is surging, but it raises questions about how this rapid adoption will impact global stability. 🌍 While stablecoins have become a refuge for citizens against hyperinflation and currency devaluation in regions like Latin America and Africa, analysts warn that they may pose a significant systemic risk to vulnerable economies. ⚠️ The ease of access and borderless usage of these digital assets is driving millions towards dollar-backed cryptocurrencies, as local currencies struggle against the pressures of devaluation. As the potential for $1 trillion in deposits to move away from traditional banking systems by 2028 looms, experts raise concerns about the ripple effect on national credit systems and monetary policy control. 🏛️ While stablecoins provide a vital lifeline for individuals facing financial instability, their unchecked growth could create an alarming dependency on US dollar-based finance, potentially undermining the sovereignty of emerging economies in the long run.