Global Institutions Shaping an Evolving Stablecoin Landscape
Table of Contents
Stablecoin activity is no longer concentrated in a handful of global issuers. Across Europe, East Asia, Africa and Latin America, regional banks, payments providers and policymakers are launching their own fiat-backed tokens, often ahead of larger multinational institutions. Instead of waiting for dollar products to arrive, these markets are building native-currency stablecoins that address local settlement needs, regional liquidity gaps and cross-border payment friction. Onchain finance is enabling a level of experimentation and institutional initiative that simply wasn’t possible a few years ago.
In this new Axelar Knowledge Center report, we map the emergence of this multi-currency stablecoin landscape: where regional issuance is taking hold, which institutions are driving early pilots, and how these efforts reflect local regulatory, monetary and market priorities. Get insights on:
- Why Europe’s early regulatory clarity is encouraging banks like Deutsche Bank, Société Générale and ING to develop euro-denominated stablecoins.
- How Japan, South Korea and Hong Kong are moving quickly on yen, won and HKD models aligned with domestic payment rails and cross-border corridors.
- Where local-currency projects in Turkey, Nigeria, South Africa, Brazil, Mexico and Argentina are gaining traction, and why regional institutions are leading the charge.
- How onchain settlement infrastructure is enabling jurisdictions to test new digital-money formats without relying on imported USD liquidity.
As regional stablecoin issuance accelerates, access to diverse onchain currency rails will shape the next phase of institutional adoption. Axelar connects these emerging onchain ecosystems, enabling issuers, traders and institutions to operate across any chain, wherever liquidity develops.
Complete the form below to download Global Institutions Shaping an Evolving Stablecoin Landscape and explore the institutions, currencies and regional strategies defining the next chapter of global stablecoins.
