GLOBAL MACRO
Global Macro
The 'GENIUS' Act Fallout: Why 2026 is the Year Stablecoins Become More Important than Fiat in Emerging Markets
Signed in July 2025, the US GENIUS Act has turned stablecoins into "Synthetic Dollars." By 2026, this regulatory stamp of approval has triggered a massive flip in emerging markets, where digital dollars are now seen as safer and more liquid than local fiat.