{"id":71982,"date":"2026-05-03T06:04:42","date_gmt":"2026-05-03T06:04:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stables-ceo-says-migrant-flows-favor-usdt-driving-60-cross-border-dollar-demand\/"},"modified":"2026-05-03T06:04:42","modified_gmt":"2026-05-03T06:04:42","slug":"stables-ceo-says-migrant-flows-favor-usdt-driving-60-cross-border-dollar-demand","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stables-ceo-says-migrant-flows-favor-usdt-driving-60-cross-border-dollar-demand\/","title":{"rendered":"Stables CEO Says Migrant Flows Favor USDT, Driving 60% Cross-Border Dollar Demand"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>Bernardo Bilotta notes Asia handles 50% of global <span>stablecoin<\/span> flows, but banks fear regulatory risk.<\/li>\n<li>Tether and eStable now enable local coin issuing for Stables to bridge the 99% USD market dominance.<\/li>\n<li>By 2026, local <span>stablecoins<\/span> will likely serve as last-mile settlement rails for regional payouts.<\/li>\n<\/ul>\n<h2>The Dichotomy of Asia\u2019s <span>Stablecoin<\/span> Rush<\/h2>\n<p>Asia reportedly drives nearly half of global <span>stablecoin<\/span> flows, powering cross-border trade and institutional <span>liquidity<\/span>. Yet in the major banks of Singapore, Hong Kong, and Jakarta, reception to <span>stablecoins<\/span> remains distinctly cold.<\/p>\n<p>While some observers attribute this to a \u201cgenerational gap\u201d or a lack of technical understanding, Bernardo Bilotta, CEO and co-founder of Stables, argues that the reality is far more calculated. According to Bilotta, the reluctance of Asian banks to embrace <span>stablecoins<\/span> is not a failure of imagination but a masterclass in institutional self-preservation.<\/p>\n<p>For a commercial bank, the most critical asset on the balance sheet is not cash or property; it is the relationship with the central bank. In many Southeast Asian markets, the <a href=\"https:\/\/news.bitcoin.com\/stablecoin-rewards-hit-a-wall-in-senates-clarity-act-draft-leaving-industry-guessing\/\">regulatory environment<\/a> for digital assets remains a moving target.<\/p>\n<p>\u201cTaking on <span>stablecoin<\/span> exposure, even just for processing, means taking on reputational risk with the regulator before the rules are fully settled,\u201d Bilotta said. In an environment where guidance can tighten significantly from one quarter to the next with little warning, the risk of a regulatory pivot makes long-term infrastructure investment a gamble most banks are unwilling to take.<\/p>\n<h2>The Correspondent Banking Trap<\/h2>\n<p>Beyond local regulators, Asian banks must answer to a global hierarchy. To facilitate international trade, these institutions rely on correspondent banking relationships with partners in New York and London.<\/p>\n<p>Bilotta points out a harsh reality of the current global financial plumbing: Compliance teams in Western financial hubs are notoriously risk-averse. If a bank in Jakarta or Bangkok begins dabbling in <span>stablecoins<\/span>, it risks being flagged by its Western partners. The threat of having a correspondent relationship terminated\u2014effectively cutting a bank off from the U.S. dollar or euro markets\u2014is a survival logic that far outweighs the potential profits of <span>stablecoin<\/span> integration.<\/p>\n<p>Even for banks willing to look past the risk, a new hurdle has emerged: regulatory fragmentation. Across Asia, jurisdictions are taking vastly different paths. Singapore, for instance, has embedded <span>stablecoin<\/span> rules into its existing Payment Services Act, while Hong Kong recently enacted a standalone <span>Stablecoins<\/span> Ordinance.<\/p>\n<p>Critics argue these silos hamper growth, as a token compliant in one city may face hurdles just an hour\u2019s flight away. However, Bilotta views this not as a roadblock but as a necessary phase of convergence.<\/p>\n<p>\u201cFraming it as purely a problem misses what\u2019s actually happening,\u201d Bilotta said. \u201cSingapore and Hong Kong have different approaches to the same goal: treating <span>stablecoins<\/span> as regulated payment instruments. The underlying principles\u2014reserve backing, redemption rights, and AML compliance\u2014are converging.\u201d<\/p>\n<h2>The Dollar\u2019s Unshakable Throne<\/h2>\n<p>One of the most persistent critiques of the digital asset industry is its overreliance on the U.S. dollar. Currently, 99% of the <span>stablecoin<\/span> market is pegged to the greenback, while local-currency tokens\u2014such as those pegged to the yen or Singapore dollar\u2014suffer from thin <span>liquidity<\/span> and high slippage costs.<\/p>\n<p>Does this represent a failure of the technology? Not according to Bilotta. He argues that the dominance of dollar-pegged <span>stablecoins<\/span> like <span>USDT<\/span> is not an accident of history but a reflection of fundamental market demand.<\/p>\n<p>\u201cIn emerging markets across Asia, people actively seek dollar exposure,\u201d Bilotta said. \u201cA migrant worker sending money from Singapore to the Philippines wants the stability of the dollar, not a local currency token. They use <span>USDT<\/span> because they want dollars, not because they lack a local alternative.\u201d<\/p>\n<p>While Bilotta does not foresee local-currency <span>stablecoins<\/span> challenging the dollar\u2019s dominance in cross-border flows anytime soon, he sees a clear path for their utility: the last-mile settlement layer.<\/p>\n<p>Aligning its corporate strategy with these insights, Stables recently announced a strategic partnership with eStable to integrate institutional-grade banking infrastructure and local <span>stablecoin<\/span> issuing capabilities. This integration expands Stables\u2019 core offering beyond <span>USDT<\/span> corridors, adding institutional settlement and local-currency <span>stablecoin<\/span> issuance backed by <span>USDT<\/span> and Tether\u2019s Hadron.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/news.bitcoin.com\/why-japans-stablecoin-push-may-be-the-most-practical-crypto-story-in-the-world-right-now\/\">Japan<\/a>\u2019s move toward <a href=\"https:\/\/news.bitcoin.com\/why-japans-stablecoin-push-may-be-the-most-practical-crypto-story-in-the-world-right-now\/\">regulated bank-issued tokens<\/a> and Singapore\u2019s Monetary Authority of Singapore (MAS)-regulated framework are paving the way for JPY and SGD <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> to serve specific domestic use cases. The real breakthrough happens when these local tokens act as the bridge, converting global <a href=\"https:\/\/buy.bitcoin.com\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a> flows into local currency at the exact point of payout. Bilotta suggests that is where <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> will finally deepen and real utility will live.<\/p>\n<p>The status quo in Asia is currently a tense standoff. On one side is the undeniable gravity of transaction <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>; on the other are the rigid requirements of legacy compliance.<\/p>\n<p>\u201cUntil the cost of inaction exceeds the cost of action, the status quo holds,\u201d Bilotta said. The cautious stance of Asian banks isn\u2019t irrational\u2014it is a defensive crouch. However, as the infrastructure layer becomes more robust and local-currency tokens begin to solve the \u201clast-mile\u201d problem, the pressure on these institutions will only grow. The question for Asia\u2019s banking sector is no longer whether they understand the technology but how much longer they can afford to prioritize survival over evolution.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"flex flex-col overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:hidden\">\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">The MiCA Effect: Euro Stablecoins Surge 1,200% as Global Crypto Adoption Cools<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Despite a global downturn in cryptocurrency adoption during Q1 2026, euro-denominated stablecoins surged 1,200% over a 15-month period, reaching $777\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/the-mica-effect-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:flex md:flex-row md:gap-3 lg:hidden\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"The MiCA Effect: Euro Stablecoins Surge 1,200% as Global Crypto Adoption Cools\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">The MiCA Effect: Euro Stablecoins Surge 1,200% as Global Crypto Adoption Cools<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Despite a global downturn in cryptocurrency adoption during Q1 2026, euro-denominated stablecoins surged 1,200% over a 15-month period, reaching $777\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/the-mica-effect-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] lg:flex lg:flex-row lg:gap-4\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"The MiCA Effect: Euro Stablecoins Surge 1,200% as Global Crypto Adoption Cools\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F04%2Fthe-mica-effect_-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<div class=\"flex items-start gap-3\">\n<h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">The MiCA Effect: Euro Stablecoins Surge 1,200% as Global Crypto Adoption Cools<\/h3>\n<p><a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/the-mica-effect-euro-stablecoins-surge-1200-as-global-crypto-adoption-cools\/\">Read Now<\/a><\/div>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Despite a global downturn in cryptocurrency adoption during Q1 2026, euro-denominated stablecoins surged 1,200% over a 15-month period, reaching $777\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/stables-ceo-says-migrant-flows-favor-usdt-driving-60-cross-border-dollar-demand\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Bernardo Bilotta notes Asia handles 50% of global stablecoin flows, but banks fear regulatory risk. Tether and eStable now enable local coin issuing for Stables to bridge the 99% USD market dominance. By 2026, local stablecoins will likely serve as last-mile settlement rails for regional payouts. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":71983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71982"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71982"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71983"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}