Emerging markets are swiftly embracing stablecoins to circumvent traditional banking systems, mirroring the earlier leapfrogging from desktop to mobile technology. Regions such as Sub-Saharan Africa, Latin America, and Eastern Europe are witnessing large increases in crypto activity, which is enhancing financial inclusion and lowering transaction costs. Key players like Tron, through its historical partnerships with centralized exchanges and its relatively low-fee network, have become dominant in facilitating USDT transfers. Meanwhile, platforms such as Bitso, Yellow Card, and Kuna have become pivotal in enabling stablecoin transfers, international remittances, and value storage for EM residents. These advancements address longstanding banking challenges, including low account ownership, high transaction costs, and limited infrastructure, by leveraging mobile-native apps and decentralized networks.
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