The rapid growth of USD-pegged stablecoins is fueling a model of a “global, 24/7, borderless $USD banking system,” allowing users worldwide to access and use the U.S. dollar without relying on traditional banking infrastructure.
With a market size now exceeding $300 billion, stablecoins such as USDT and USDC are being integrated into neobanks and digital finance apps. This enables users—especially in regions like Africa and Latin America—to store value in USD and make fast, low-cost, instant cross-border transfers, avoiding the high fees and time restrictions of traditional banks.
This trend is supported by U.S. policy aimed at expanding the global role of the dollar, effectively positioning stablecoins as a new digital banking and payment infrastructure that directly competes with the existing financial system.
