Argentina, Nigeria, Turkey—currencies in these countries are shrinking at a rate of several dozen percentage points per year or even higher. For local residents and merchants, this is no longer a numerical game from economics textbooks, but a daily survival dilemma. Saving money means watching assets evaporate; only those who have experienced this can understand how desperate that feeling is.

Many people want to exchange their money for US dollars to avoid risks, but the problem arises - there are few channels, high fees, and complex processes. Taking Nigeria as an example, the handling fees for exchanging US dollars through banks are exorbitant, and it takes several days to receive the funds. For small merchants wanting to receive US dollar transfers from foreign customers? It's a nightmare, with various intermediary fees ultimately passed on to the product prices. The market's desire for a low-cost, stable, and easily accessible value carrier for US dollars is almost written on everyone's face.

Some people are starting to tackle this issue from a different angle. A certain project has launched a synthetic dollar stablecoin, backed by a partnership with a new generation payment framework — this payment network already covers over 500,000 merchants globally, with a focus on regions like Southeast Asia and Africa. Imagine that residents can directly convert their continuously depreciating local currency into stable dollar assets, drastically reducing cross-border payment costs, and even potentially earning some returns. This is not just an investment tool, but more like a financial infrastructure tailored for high-inflation areas.

When the threshold of the traditional financial system is so high that ordinary people cannot enter at all, new technological solutions provide a more direct path. This shift in practical value may be the most authentic story of stablecoins in emerging markets.