“Today, U.S. dollar-backed stablecoins still dominate. But we’re seeing regional, local currency-backed stablecoins emerge and grow.”

At the UN Digital Cooperation Day, @ellazhang516 shared that YZi Labs has been investing in and incubating stablecoin infrastructure for years. Today, we’re seeing more founders across India, Africa and LATAM build payment rails around local currencies and local demand.

The tokenization of money will be one of the most important drivers of mass blockchain adoption.