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Stablecoins are transitioning from crypto exchanges to broader global finance applications, used for saving, transacting in USD, and cross-border payments. The market is dominated by USD-pegged stablecoins, but interest in non-USD stablecoins is increasing. The report suggests stablecoins have room for growth with regulatory developments. Standard Chartered sees stablecoins as a key application in digital assets with potential for increased adoption in developed and emerging markets.
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