<ul><li>Unbacked cryptocurrencies like bitcoin and ether are primarily driven by speculative motives, while stablecoins are increasingly used for transactions and remittances.</li><li>Research by the Bank for International Settlements analyzed global cross-border flows of major cryptocurrencies and stablecoins, focusing on BTC, ETH, Tether, and USD Coin.</li><li>Bitcoin behaves like a speculative, risk-sensitive asset affected by global funding conditions, while stablecoins are influenced by conditions in sender and recipient countries like inflation and exchange rate volatility.</li><li>The US and the UK are major hubs for cross-border cryptocurrency flows, with stablecoin volumes reaching around $1.2 trillion, representing 46% of the market in 2021.</li></ul>

Bitcoin, Ether and Stablecoin Cross-Border Flow Analyzed

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