According to @jessepollak, every country deserves their currency onchain, as stated in an X post on Nov 26, 2025; this positions national fiat on blockchain as a strategic priority for market infrastructure. Source: https://twitter.com/jessepollak/status/1993831305780584519 This stance aligns with documented momentum in central bank digital currency work and tokenized fiat initiatives across central banks, indicating growing institutional support for fiat on-chain rails. Source: Bank for International Settlements, 2023 CBDC survey https://www.bis.org/publ/bppdf/bispap136.pdf For traders, stablecoins function as core settlement assets in crypto markets, so policy moves and new issuances around fiat-on-chain rails can directly influence liquidity in stablecoin-quoted pairs and the development of local-currency on-chain FX markets. Source: Financial Stability Board, High-level recommendations for global stablecoin arrangements (2023) https://www.fsb.org/2023/07/high-level-recommendations-for-the-regulation-supervision-and-oversight-of-global-stablecoin-arrangements/

According to @pedrouid, the term stablecoin is outdated because these assets are simply tokenized fiat or crypto dollars that will ultimately be viewed as digital money. Source: @pedrouid on X, Oct 18, 2025. For traders, the terminology shift does not alter the core design: stablecoins are tokens intended to maintain a stable value relative to a reference asset, typically fiat, which anchors their use in settlement and risk management. Source: Bank for International Settlements (BIS), 2022 report on stablecoins. Trading focus should remain on peg stability, reserve quality, and redemption mechanics when using USDT and USDC for liquidity, in line with global regulatory recommendations on stablecoin arrangements. Source: Financial Stability Board (FSB), 2023 High-level Recommendations for Global Stablecoin Arrangements.