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Exploring the Economic Influence of Cryptocurrencies and Stablecoins on a Global Scale

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Exploring the Economic Influence of Cryptocurrencies and Stablecoins on a Global Scale

Introduction



The financial world is undergoing a radical transformation thanks to the emergence of cryptocurrencies and stablecoins. These innovative digital assets have revolutionised how we think about money and leave an indelible mark on the global economy. From Bitcoin to the stablecoin Tether, these technologies are on everyone’s lips, and their influence on the economy is undeniable. In this article, we will dive into the fascinating world of cryptocurrencies and stablecoins, exploring how they shape the global economic landscape.

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Key Definitions


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  • Cryptocurrencies: Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. They operate decentralised, meaning that any central government or financial entity does not control them. Bitcoin, the first cryptocurrency, was created in 2009 by an individual or group under the pseudonym Satoshi Nakamoto. Since then, thousands of cryptocurrencies have seen the light of day, each with its characteristics and uses.

  • Stablecoins: Stablecoins, also known as stablecoins, are a type of cryptocurrency designed to maintain a stable value relative to a fiat currency, such as the U.S. dollar or euro. A stable value is achieved by backing the stablecoin with tangible assets or using algorithms to maintain its value. Stablecoins are especially useful for transacting and as a refuge from the volatility of traditional cryptocurrencies.


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The Rise of Cryptocurrencies and Stable Currencies



Cryptocurrencies and stablecoins have experienced explosive growth in recent years. What began as a technical experiment with Bitcoin in 2009 has evolved into an entirely new financial ecosystem. Today, thousands of cryptocurrencies are traded globally, and their combined market capitalisation exceeds trillions of dollars. Bitcoin remains the undisputed leader, but other blockchains such as Ethereum, Solana or Polkadot have also gained a significant base of followers and adoption.

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On the other hand, stablecoins have become an essential tool for those seeking stability in the volatile world of cryptocurrencies. These coins, backed by tangible assets or algorithms, offer a reliable way to maintain the value of digital assets without being affected by market swings.

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The Economic Benefits of Cryptocurrencies


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Cryptocurrencies represent much more than an alternative form of payment. They have proven to be a source of disruptive innovation in the global economy. They enable instant and inexpensive international transactions, eliminating the need for costly financial intermediaries and shortening settlement times for cross-border transactions.

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In addition to their payment efficiency, cryptocurrencies have played a vital role in financial inclusion. Around the world, millions of people without access to traditional banking services have found a way to participate in the global economy through cryptocurrencies. For example, in countries with high inflation rates, such as Venezuela, cryptocurrencies have served as a safe haven against the depreciation of local currencies.

 

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The Economic Benefits of Stable Currencies


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As their name suggests, stable currencies are a refuge from the volatility inherent in many cryptocurrencies. This value stability makes them attractive to investors and businesses looking to transact without worrying about market fluctuations. For example, a merchant that accepts payments in a stable currency will not be affected by price swings that may occur over a short period of time.

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In addition to their usefulness in trade, stable currencies are used in various financial applications, such as loans, remittances and loyalty programs. They also simplify financial transactions and reduce the costs associated with currency conversions and transaction fees.


Macroeconomic Impact on a Global Scale

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The macroeconomic impact of cryptocurrencies and stable currencies is not limited to individual transactions. Globally, these technologies are challenging traditional financial structures and government policies. Notable examples include the adoption of Bitcoin as legal tender in El Salvador and the approval of cryptocurrency regulations by the Council of Europe.

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The outcome of these actions and regulations can vary widely. Some countries have experienced increased investment and innovation, while others have faced challenges related to the volatility of cryptocurrencies.

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Challenges, Regulation and the Future of Cryptocurrencies and Stable Currencies


Cryptocurrencies and stable currencies are not without their challenges. Their decentralised nature can make monitoring and regulation difficult, leading to concerns about investment security and potential use in illicit activities. While blockchain technology provides high transaction security, lack of proper regulation can lead to fraud and scams.

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To address these challenges, governments around the world are taking regulatory action. Examples include approving the MiCA (Markets in Crypto-Assets) regulation in the European Union and adopting Bitcoin as legal tender in El Salvador. However, there is an ongoing debate about the optimal approach to regulation. While some argue that cryptocurrencies should be treated as legal currencies, others advocate for regulation encouraging innovation and investment.

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The future of cryptocurrencies and stablecoins is uncertain but promising. Innovation in this space is advancing at a breakneck pace, with concepts such as NFTs (Non-Fungible Tokens) and the metaverse capturing the imagination of many people. If cryptocurrencies are effectively integrated into the metaverse, they could increase net wealth and stimulate economic growth.

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In addition, the debate over environmental sustainability in cryptocurrency mining constantly evolves. The energy intensity of cryptocurrencies is an important issue, and some argue that the industry could play a role in incentivising more sustainable practices and decarbonising the power grid.

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The future of cryptocurrencies and stablecoins is full of opportunities and challenges. Regulation will play a crucial role in shaping their role in the global economy, and the industry’s ability to address issues such as security and sustainability will be critical to their continued success.




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Visa Rolls Out AI Agent Shopping Infrastructure Globally

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Visa Rolls Out AI Agent Shopping Infrastructure Globally

Visa’s Intelligent Commerce platform lets AI agents shop, compare, and transact on behalf of consumers, and the company says the majority of business leaders are ready for it.

Payments giant Visa is opening its Intelligent Commerce platform to businesses worldwide, expanding the infrastructure that allows artificial intelligence (AI) agents to shop, compare, and complete purchases on behalf of consumers and enterprises.

The move comes one week after Visa published its Business-to-AI (B2AI) Report, which found that 53% of U.S. business leaders surveyed would allow AI agents to negotiate prices or terms directly with other AI agents on their behalf. The report also found that 71% of businesses said they are willing to optimize products, offers, and experiences specifically for AI agents, while 77% are already using or piloting AI in their operations.

On the consumer side, nearly 40% of Americans reported making a purchase they normally would not have considered as a result of using an AI agent or tool, an early signal that autonomous systems are actively shaping demand rather than merely filtering it.

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Visa’s Intelligent Commerce framework provides a suite of integrated APIs spanning tokenization, authentication, payment instructions, and transaction signals, enabling AI agents to transact securely on behalf of users.

Pilot programs have already been running across multiple regions. In Asia-Pacific and Europe, pilots launched in early 2026, while readiness work is underway in Latin America and the Caribbean. In the Middle East, Visa is working with developer Aldar to allow customers in the United Arab Emirates to use AI agents to pay recurring fees like real estate service charges.

A core component of the framework is the Trusted Agent Protocol, an open framework introduced in October 2025 that helps merchants distinguish between malicious bots and legitimate AI agents acting on behalf of consumers.

Heated Race

Visa’s global push arrives amid intensifying competition over who will control the payment rails for AI agent commerce. Two crypto-native protocols are racing to become foundational infrastructure for AI payments: Coinbase’s x402 standard, which recently moved under Linux Foundation governance with backing from Google, Stripe, and Visa itself, and the Machine Payments Protocol (MPP), launched by Stripe’s Tempo blockchain.

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On the crypto front, Visa has been hedging its bets. Visa Crypto Labs launched the CLI tool in March, a command-line payment interface that lets AI agents make payments without API keys or pre-funded accounts — directly targeting the same autonomous agent use cases that crypto protocols are pursuing. The company also expanded its stablecoin collaboration with Bridge in March, with plans to bring stablecoin-linked cards to over 100 countries.

The competing approaches highlight a growing fault line in the industry. Traditional payments players like Visa and Mastercard are building trust layers on top of existing card rails, while crypto proponents argue that blockchain infrastructure is better suited for a world in which AI agents are first-class economic actors.

Visa’s CMO Frank Cooper III framed the company’s vision in terms of its B2AI framework, describing a shift where commerce moves from market-to-human to market-to-machine, with AI agents evaluating, negotiating, and transacting on behalf of people.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Iran wants tolls paid in bitcoin for Strait of Hormuz passage

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Iran wants tolls paid in bitcoin for Strait of Hormuz passage

Iran told tanker operators on Wednesday that they must pay bitcoin (BTC) to pass through the Strait of Hormuz.

The use of BTC, mentioned by name by Hamid Hosseini, a spokesman for the country’s oil exporters’ union, ensures payments “can’t be traced or confiscated due to sanctions,” even though the first part of that quote is certainly inaccurate.

Moreover, there will be “a few seconds” to pay, according to the spokesman.

All BTC can be traced on-chain, and the US Treasury has sanctioned Iranian BTC wallet addresses since at least 2018.

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Even more embarrassingly, the spokesman claimed that BTC payments will complete within seconds, even though BTC transactions normally require several minutes to settle.

Anyway, Hosseini claims that oil tankers will somehow email Iranian authorities about cargo, submit to an inspection, and then pay a toll of $1 per barrel of oil in BTC.

FT published the news at 8:57am New York time. Whether on that news or for unrelated reasons, BTC rallied from $72,000 to $72,865 within 20 minutes. BTC then retraced that rally entirely, dipping back below $92,000 within half an hour.

Bitcoin price chart, 8:57am-11:57am New York time today. Source: TradingView

Prior to the news last night, BTC rallied substantially, gaining about 6% on ceasefire discussions between the US and Iran.

Iran’s bitcoin rationale is half-right

Although BTC is easy to trace, the unfreezable half of Hosseini’s logic is technically defensible. 

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Unlike BTC, most major stablecoins can be frozen. Blockchain analytics firm Elliptic found Iran’s central bank accumulated over $500 million worth of tether (USDT) in 2025. In June of that year, Tether froze $37 million in wallets linked to the central bank. 

In March 2026, Tether froze another $6.7 million tied to IRGC and Houthi-linked networks. 

Unlike BTC which settles over several minutes, USDT can settle within seconds. The stablecoin served as Iran’s preferred oil settlement rail, until Tether started blacklisting its wallets. 

Read more: US hits Iran’s ‘shadow banking’ network in Hong Kong, UAE

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Sanctioning Iranian BTC wallets

Although no company can freeze BTC, the US Office of Foreign Assets Control (OFAC) sanctioned Iranian BTC wallets on ransomware allegations in November 2018.

Since then, Chainalysis, Elliptic, and TRM Labs have built entire product lines around mapping Iranian-linked BTC and crypto flows.

In January 2026, OFAC designated UK-registered exchanges Zedcex and Zedxion for processing crypto assets for Iran’s IRGC, attaching crypto wallet addresses to that action.

According to the Chainalysis 2026 Crypto Crime Report, IRGC-linked addresses accounted for more than 50% of all value flowing into Iran’s crypto ecosystem in Q4 2025.

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Over the full year, those addresses received at least $3 billion.

Any company that does pay the toll without US approval faces another problem. US, EU, and UK sanctions generally prohibit transactions with IRGC-affiliated entities. 

OFAC’s interpretation of the International Emergency Economic Powers Act applies equally to BTC transfers as it does wire payments.

Specifically, a 2022 federal case in Washington DC established precedent that advertising crypto services as “designed to evade US sanctions” can serve as evidence of a sanctions-evasion conspiracy.

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Securitize Partners with Currenc Group to Tokenize Shares on Ethereum and Solana: Securitize

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Securitize Partners with Currenc Group to Tokenize Shares on Ethereum and Solana: Securitize

Tokenization firm Securitize has partnered with Nasdaq-listed Currenc Group to tokenize its ordinary shares on Ethereum and Solana blockchains.

Securitize announced a partnership with Currenc Group (Nasdaq: CURR) to tokenize the company’s ordinary shares on Ethereum and Solana. The move comes as Securitize was recently named the first digital transfer agent in the NYSE’s onchain securities initiative. Tokenized shares will enable 24/7 trading, lower costs, fractional ownership, and DeFi integration.

The partnership represents a continuation of efforts to bring traditional equities onto blockchain infrastructure. Securitize’s designation as a digital transfer agent by the NYSE signals institutional momentum behind onchain securities infrastructure. The tokenization of Currenc Group’s shares demonstrates practical implementation of blockchain-based equity trading for publicly listed companies.

Sources: Securitize (Twitter/X)

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This article was generated automatically by The Defiant’s AI news system from publicly available sources.

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Is ZEC Breakout a Bull Trap?

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Is ZEC Breakout a Bull Trap?

Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets.

Key takeaways:

  • A 2021-style fractal warns ZEC price could fall 40% toward in the coming weeks.

  • Over $50 million in long leverage sits below current prices, leaving ZEC exposed to a possible crash.

ZEC/USD vs. XMR/USD and DASH/USD price performance in the past five days. Source: TradingView

ZEC rally risks becoming a 2021-style bull trap

The privacy coin rose over 30% in the past 24 hours to $336.50 on Tuesday, its highest level since January. Its top rivals also climbed, with Monero (XMR) up 3% and Dash (DASH) up 8%.

ZEC’s latest rebound is starting to resemble the setup that followed its 2021 peak. Back then, it entered a prolonged bear cycle after peaking near $392.

During this correction, ZEC underwent multiple sharp bounces after testing its 0.238 Fibonacci retracement line at around $85, only to see its upside momentum weakening underneath a descending trendline resistance.

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ZEC/USD weekly chart. Source: TradingView

Zcash’s current setup looks similar. Its 0.236 Fib level near $197 is again acting as strong support, while a descending trendline continues to cap upside attempts.

ZEC/USD weekly chart. Source: TradingView

A continued rebound could lift ZEC toward its 0.5 Fibonacci retracement level near $370, which also lines up with the descending trendline resistance.

But the rally could lose steam if bulls fail to break above the trend line, raising the risk of a pullback toward the $197–$200 support zone. In that case, the current move may start to look like the 2021 bull trap setup.

Related: Zcash devs raise $25M from major VCs months after ECC split

Conversely, a decisive breakout above the trendline may trigger a falling wedge breakout setup, with a measured upside target at around $1,200.

ZEC/USDT weekly price chart. Source: TradingView

In the past, multiple analysts, including BitMEX co-founder Arthur Hayes and Alphractal CEO and Co-Founder Joao Wedson, have predicted the ZEC price to reach $1,000 or higher.

ZEC liquidation data raises downside risks

Zcash’s liquidation heatmap points to greater downside risk in the coming weeks.

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For instance, Binance’s ZEC/USDT contracts may see $3.81 million worth of cumulative short liquidations if the price rallies above $380 in the coming weeks.

Binance ZEC/USDT liquidation heatmap (1-week). Source: CoinGlass

In comparison, roughly $50.56 million in cumulative long positions could be wiped out if the price drops below $260.

Markets tend to move toward zones where many leveraged positions are concentrated. In ZEC’s case, the larger concentration sits below the current price, where long liquidations far exceed potential short liquidations above.

The heatmap also highlights $305–$306 as the largest single liquidation pocket, with about $1.76 million in leveraged positions clustered in that range. That makes it an important near-term level to watch.