Cryptoassets may be volatile, but they have also gained worldwide attention as alternatives to unstable fiat currencies. In particular, experts believe that high inflation coupled with a potential world recession could boost dollar-pegged stablecoins adoption in emerging or developing markets, accelerating dollarization. Maxim Ermilov, the founder of Overnight, which launched an interest-bearing stablecoin on Polygon’s proof-of-stake chain called USD+, told Blockworks that “people try to protect their savings against high inflation and potential devaluation and often choose to save in dollars.” But that’s not always ... (full story)