The stablecoin market’s capitalization reached $322 billion, exceeding the foreign exchange reserves of 95 countries. The BIS said cross-border stablecoin flows have grown sharply since 2022, particularly in regions facing high inflation and volatile exchange rates. The report warned that expanding stablecoin activity could accelerate capital outflows and add pressure on weaker local currencies, underscoring the sector’s increasing influence in international money movement and savings behavior.