Singapore, 3 June 2026 – Non-US dollar stablecoins could gain traction in markets where financial inefficiencies remain high, including parts of ASEAN, as businesses and consumers look for faster, cheaper and more reliable ways to move money across borders.
Stablecoins are digital tokens designed to maintain a stable value, usually by being pegged to a fiat currency such as the US dollar. The market remains overwhelmingly dominated by dollar-backed tokens, but industry players are increasingly exploring whether stablecoins linked to other currencies can serve local or regional payment needs.
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