{"id":115786,"date":"2026-04-21T00:00:00","date_gmt":"2026-04-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=115786"},"modified":"2026-04-21T03:07:21","modified_gmt":"2026-04-21T03:07:21","slug":"growing-stablecoin-use-threatens-monetary-control-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","title":{"rendered":"Growing stablecoin use threatens monetary control in emerging markets"},"content":{"rendered":"

Central bankers are worried that the USD is staging a <\/strong>digital coup. <\/strong>The growing use of USD-linked stablecoins is accelerating dollarization in emerging markets \u2014 outpacing regulators and weakening central banks\u2019 control over monetary policy \u2014 while also creating new channels for tax evasion and cybercrime, the Financial Times<\/a> reports.<\/p>\n

SOUND SMART- <\/strong>Stablecoins are crypto tokens pegged to fiat currencies like the USD. They are gaining ground as a low-cost, near-instant alternative to traditional cross-border transfers.<\/p>\n

These assets are taking off in emerging markets: <\/strong>In several EMs, stablecoins are already grabbing a \u201csignificant share\u201d of the transaction pie, the IMF\u2019s Tobias Adrian said. People are using them to hedge against local inflation and currency depreciation and to bypass government restrictions on access to foreign currency.<\/p>\n

By the numbers: <\/strong>Standard Chartered expects stablecoin EM holdings to jump to USD 1.22 tn by 2028 from USD 173 bn currently, with growth concentrated in financially stressed economies like Egypt, Pakistan, and Bangladesh.<\/p>\n

\n

Why regulators are worried<\/p>\n

Evicting the local currency: <\/strong>Dollarization can limit central banks\u2019 control over money supply and policy, making it vulnerable to US monetary shifts and posing \u201cserious risks for financial integrity,\u201d Bank for International Settlements chief Pablo Hern\u00e1ndez de Cos said.<\/p>\n

A very one-sided market:<\/strong> Around 98% of the USD 315 bn stablecoin market is USD-denominated, spurred in part by US policy moves integrating the sector into the regulated financial system.<\/p>\n

Beyond policy issues, there\u2019s a growing crime problem: <\/strong>Stablecoins open \u201cnew avenues for tax evasion\u201d, Hern\u00e1ndez de Cos said, citing estimates that they account for most illicit crypto transactions. The Financial Action Task Force has likewise warned that stablecoins were \u201cattractive for criminal misuse\u201d and increasingly used to launder proceeds from ransomware, phishing, and other cyber-enabled crimes.<\/p>\n

\n

The response plan<\/p>\n

Regulators playing catch-up: <\/strong>The pace of global rule-making for stablecoins has slowed, with Bank of England Governor Andrew Bailey warning that regulators will soon have to \u201ccome to terms\u201d with their growing use \u2014 particularly where they replace domestic currencies in everyday transactions.<\/p>\n

But policy responses are emerging: <\/strong>Countries can counter dollarization risks by strengthening macroeconomic frameworks, said deputy head of the IMF Dan Katz. Brazil has already moved to regulate stablecoin providers under anti-money laundering rules and imposed a USD 100k cap on many foreign transfers.<\/p>\n

The <\/strong>BIS<\/strong> is building alternatives: <\/strong>The bank is working with central banks and commercial lenders on potential alternatives to stablecoins, including tokenized bank deposits designed to offer similar speed and efficiency without ceding monetary control.<\/p>\n

\n

MARKETS THIS MORNING- <\/p>\n

Hopes of easing tensions between the US and Iran, amid reports that the two sides are at the negotiation table this week, pushed stocks higher this morning. Japan\u2019s Nikkei and South Korea\u2019s Kospi are both up over 1% in early trading. Over on Wall Street, markets are expected to open higher, with futures in the green.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

AD<\/strong>X<\/strong><\/p>\n<\/td>\n

\n

9,842<\/p>\n<\/td>\n

\n

-0.8% (YTD: -1.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

5,862<\/p>\n<\/td>\n

\n

-2.1% (YTD: -3.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n

\n

4,736<\/p>\n<\/td>\n

\n

-1.6% (YTD: -3.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD : AED<\/strong> CBUAE<\/strong><\/p>\n<\/td>\n

\n

Buy 3.67<\/p>\n<\/td>\n

\n

Sell 3.67<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EIBOR<\/strong><\/p>\n<\/td>\n

\n

3.6% o\/n<\/p>\n<\/td>\n

\n

4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

TASI<\/strong><\/p>\n<\/td>\n

\n

11,367<\/p>\n<\/td>\n

\n

-0.9% (YTD: +8.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

51,813<\/p>\n<\/td>\n

\n

-1.1% (YTD: +23.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500 <\/strong><\/p>\n<\/td>\n

\n

7,109<\/p>\n<\/td>\n

\n

-0.2% (YTD: +3.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100 <\/strong><\/p>\n<\/td>\n

\n

10,609<\/p>\n<\/td>\n

\n

-0.6% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n

\n

5,983<\/p>\n<\/td>\n

\n

-1.2% (YTD: +2.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude <\/strong><\/p>\n<\/td>\n

\n

USD 95.48<\/p>\n<\/td>\n

\n

+5.6%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n

\n

USD 2.67<\/p>\n<\/td>\n

\n

-0.7%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 4,842<\/p>\n<\/td>\n

\n

+0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC <\/strong><\/p>\n<\/td>\n

\n

USD 75,866<\/p>\n<\/td>\n

\n

+2.8% (YTD: -13.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n

\n

AED 3.67<\/p>\n<\/td>\n

\n

+0.6% (YTD: -2.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n

\n

152.1<\/p>\n<\/td>\n

\n

+0.3% (YTD: +0.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n

\n

18.87<\/p>\n<\/td>\n

\n

+8.0% (YTD: +26.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The ADX fell 0.8% yesterday<\/strong> on turnover of AED 993.9 mn. The index is down 1.5% YTD.<\/p>\n

In the green: <\/strong>Abu Dhabi National Takaful Co. (+15.0%), Abu Dhabi National for Building Materials (+14.5%), and Gulf Cement Co. (+6.7%).<\/p>\n

In the red: <\/strong>Invest Bank (-5.0%), Ins. House (-5.0%), and GFH Financial Group (-4.8%). <\/p>\n

Over on the DFM<\/strong>, the index fell 2.1% on turnover of AED 980.4 mn. Meanwhile, Nasdaq Dubai was down 1.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stablecoins have become a tool for bypassing government-imposed restrictions on foreign currency access<\/p>\n","protected":false},"author":1,"featured_media":115787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1553],"tags":[127,225,7,48,50],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-cryptocurrency","tag-emerging-markets","tag-enterpriseam-uae","tag-financial-markets","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"48cc6f2c-f57c-4d21-b36d-18a954ad0003","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/982.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Stablecoins stir dollarization fears across emerging markets","related_issue":[115769],"teaser":"Stablecoins have become a tool for bypassing government-imposed restrictions on foreign currency access"},"yoast_head":"\nGrowing stablecoin use threatens monetary control in emerging markets - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growing stablecoin use threatens monetary control in emerging markets\" \/>\n<meta property=\"og:description\" content=\"Stablecoins have become a tool for bypassing government-imposed restrictions on foreign currency access\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-21T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-21T03:07:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Growing stablecoin use threatens monetary control in emerging markets\",\"datePublished\":\"2026-04-21T00:00:00+00:00\",\"dateModified\":\"2026-04-21T03:07:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\"},\"wordCount\":620,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cryptocurrency\",\"emerging markets\",\"EnterpriseAM UAE\",\"Financial markets\",\"PLANET FINANCE\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\",\"name\":\"Growing stablecoin use threatens monetary control in emerging markets - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-04-21T00:00:00+00:00\",\"dateModified\":\"2026-04-21T03:07:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Growing stablecoin use threatens monetary control in emerging markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Growing stablecoin use threatens monetary control in emerging markets - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","og_locale":"en_US","og_type":"article","og_title":"Growing stablecoin use threatens monetary control in emerging markets","og_description":"Stablecoins have become a tool for bypassing government-imposed restrictions on foreign currency access","og_url":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","og_site_name":"UAE","article_published_time":"2026-04-21T00:00:00+00:00","article_modified_time":"2026-04-21T03:07:21+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Growing stablecoin use threatens monetary control in emerging markets","datePublished":"2026-04-21T00:00:00+00:00","dateModified":"2026-04-21T03:07:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/"},"wordCount":620,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1","keywords":["cryptocurrency","emerging markets","EnterpriseAM UAE","Financial markets","PLANET FINANCE"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","url":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/","name":"Growing stablecoin use threatens monetary control in emerging markets - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1","datePublished":"2026-04-21T00:00:00+00:00","dateModified":"2026-04-21T03:07:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2026\/04\/21\/growing-stablecoin-use-threatens-monetary-control-in-emerging-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Growing stablecoin use threatens monetary control in emerging markets"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/982.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/115786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=115786"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/115786\/revisions"}],"predecessor-version":[{"id":115818,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/115786\/revisions\/115818"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/115769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/115787"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=115786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=115786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=115786"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=115786"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=115786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}