Moody's: The rise in adoption of Crypto Assets in emerging markets poses risks to financial resilience.

Golden Finance reports that credit rating giant Moody's has stated in a new report that the adoption of Crypto Assets in emerging markets poses risks to monetary sovereignty and financial resilience. Moody's pointed out that if the penetration rate of stablecoins pegged to the US dollar continues to rise, and leads to market pricing and settlement activities increasingly detached from the domestic currency, it will weaken the transmission effect of monetary policy. The report shows that by 2024, the number of cryptocurrency holders is expected to increase to 562 million, a growth of 33% compared to 2023.