Stablecoins gain traction in emerging markets as dollar alternative 📈💸; Revolut sets sights on the Middle East in ambitious global expansion 🇦🇪🏦

FinTech is Eating the World, 16 September

Hey Everyone,

Happy Monday! We’re starting a new FinTech week, and we’re starting it strong 💪 Today we’re going to look at stablecoins that are gaining traction in emerging markets as dollar alternative (a holistic view based on the latest data, what it means & what’s next + a bonus read on how FinTech giant Mercado Libre is leveraging stables), and Revolut that’s setting sights on the Middle East in ambitious global expansion (what’s happening & what can we expect next + bonus reads on M&A in the Middle East & Revolut). So let’s just jump straight into the cool stuff 🌶️

Stablecoins gain traction in emerging markets as dollar alternative 📈💸

Following the money 💸 A new study reveals that stablecoins are finding significant adoption in emerging markets as an alternative to traditional dollar-based financial services.

The new report, sponsored by Visa V 0.00%↑ and authored by Castle Island Ventures, Brevan Howard Digital, and Artemis, is really eye-opening and combines on-chain data analysis with survey results from crypto users in Brazil, India, Indonesia, Nigeria, and Turkey.

Let’s take a quick look at this, uncover the most important insights, and see what’s next.