The Impact and Measures of Stablecoins on the World

Qihao Huang ()
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Qihao Huang: Shenzhen Senior High School

A chapter in Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025), 2026, pp 789-797 from Springer

Abstract: Abstract Recently, stablecoins, as the latest developing form of cryptocurrency, keep their value stable through binding with legal tender or specific assets. According to Coin Market Cap statistics, the total market value of stablecoins has surmounted 150 million US dollars by 2025 and occupied 15%-20% of the total market value of cryptocurrency, which is around 8-10 trillion US dollars, rapidly becoming the core tools of the cryptocurrency market. However, because of the large-scale use of stablecoins causes the risk of sovereign currency substitution and money laundering, the risk of consumers’ rights protection, the risk of uncontrolled monetary policy and a series of problems at the same time. This research aims to systematically sort out the potential influence of the global economy, financial system and international governance caused by stablecoins and to concludes the existing coping strategies’ practical experience and challenges. This research will use a literature analysis method, summarizing and analyzing the impact of stablecoins on the world from three dimensions of financial sovereignty and illegal financial activities, individuals’ rights protection and monetary policy. Moreover, making a conclusion of an existing supervising framework and practical technology’s coping experience and shortage, and then sorting out the possible realistic challenges and their corresponding breakthrough direction.

Keywords: Stablecoin; Financial Sovereignty; Illegal Financial Activities; Individuals’ Rights (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-2-38476-585-0_89

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DOI: 10.2991/978-2-38476-585-0_89

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