by: xpoolPosted on:

South Africa Highlights Stability Concerns Surrounding Stablecoin Growth in Emerging Markets

South Africa’s central bank has validated Standard Chartered’s warning that stablecoins pose a systemic risk to emerging-market banking systems. The move comes as dollar-pegged digital tokens are increasingly replacing traditional deposits in economies struggling with currency volatility, according to South African Reserve Bank data. 2025 saw trading volumes for stablecoins surge from 4 billion rand to nearly 80 billion rand ($4.6 billion) in the country, exceeding even Bitcoin’s popularity.

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