NextBillion - A WDI Publication

The rapid rise of stablecoins—a form of cryptocurrency pegged to fiat currency or other assets—offers new possibilities for international development finance. Over the last five years, transaction volumes for stablecoins have ballooned to more than $1 trillion per month, and are track for even more explosive growth. Although the vast majority of stablecoins are linked to the US dollar, adoption is highest in developing economies where they offer low-cost alternatives to traditional payment systems and a more reliable store of value. Stablecoins are also being used to address humanitarian and development needs in low-income countries, including fragile and conflict states.

Join us for a timely panel discussion among practitioners to map the frontier of stablecoins in global development, exploring both the potential for economic benefit and the risks that will require careful navigation. The panel will examine how stablecoins are being used to support vulnerable populations and the challenges and opportunities for scaling.

Time: 10:00—11:30 AM ET | 3:00—4:30 PM GMT