Reimagining Financial Infrastructure: How Stablecoins Are Quietly Reshaping Global Value Flows
By Alec Goh, HTX Ventures
In the digital age, financial infrastructure is being quietly rewritten – interlocking and intertwining. At the heart of this change is stablecoins – a cryptocurrency pegged to fiat currencies such as the US dollar – which is evolving from a speculative instrument to a key enabler of cross-border transactions, liquidity acquisition, and programmable finance.
Once upon a time, stablecoins were limited to a niche segment of crypto exchanges. Today, in regions facing inflation or capital controls, it is driving remittances, trade finance, and even payroll payments. As HTX Ventures' research report, "The On-Chain Extension of the Dollar: Stablecoins, Shadow Banking, and Global Payment Reweighting," points out, stablecoins have become a "lifeline" in markets such as Turkey, Argentina, Lebanon, and Nigeria – not for speculation, but for hedging, settling cross-border transactions, and accessing USD liquidity.
This...