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Most circulating stablecoins pegged to the greenback

Jurisdictions with stablecoins in use are largely high and upper-middle income countries

All fiat-backed stablecoins circulating across respondents’ jurisdictions are pegged to the US dollar, the Fintech Benchmarks 2026 reveal.

The sample comprises central banks from 17 countries. All respondents reported that the stablecoins available in their nations were US dollar-backed.

Respondents to the question largely come from high and upper-middle income nations. The former is made up nine respondents, while the latter consists of seven countries. Just one low income nation indicated

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