ステーブルコインは暗号資産の一分野ではなく、各国政府・中央銀行・大手金融機関が主導する「次世代の金融インフラ」を巡る競争へと発展しています。市場規模はすでに3,220億ドルを超え、一部の国家を上回る規模の米国債需要を生み出す存在となりました。争点は単なる規制整備ではなく、「どの通貨がデジタル時代の基軸通貨となるか」。本稿では、主要9カ国・地域の最新動向から、ステーブルコインを巡る国家レベルの競争を読み解きます。
記事はこちら：国家レベルのステーブルコイン競争 | MIZUHIKI: The Japan Chain
Stablecoins are no longer just part of the crypto industry. They have become a key area of competition as governments, central banks, and major financial institutions work to shape the next generation of financial infrastructure. With the market now exceeding $322 billion, stablecoins are already having a meaningful impact on global capital flows and demand for U.S. Treasuries. The discussion is no longer only about regulation, but also about which currencies will play a leading role in the digital economy.
In this article, we look at the latest developments across nine major countries and regions and explore the growing global race around stablecoins.
Read the article here: The global race for state-level stablecoins | MIZUHIKI: The Japan Chain