Moody's: Crypto adoption in emerging markets threatens monetary policy

Global credit rating agency Moody's has warned that the adoption of cryptocurrency in emerging markets could put monetary sovereignty and financial resilience at risk, CoinDesk reported. In its report, Moody's stated that the greatest danger arises when cryptocurrencies expand beyond investment into savings and remittances. The agency noted that rising adoption of U.S. dollar-pegged stablecoins could reduce demand for local currencies, thereby threatening monetary policy. Moody's also highlighted the use of digital assets for capital flight by the wealthy as another key issue. According to the report, the number of global cryptocurrency holders reached approximately 562 million in 2024, a 33% increase from the previous year.