Key Highlights:
- A great amount of countries are exploring the options of launching native stablecoins.
- 137 countries are engaged in CBDCs, out of these, 4 have fully launched their stablecoins and 49 are in pilot.
- Stablecoin market may cross $2 trillion market cap by 2030.
More and more countries these days are making efforts to launch their native stablecoins (digital assets that are pegged to their own local currencies), as they move forward in integrating blockchain directly into their national financial systems. Instead of having to rely on dollar-backed stablecoins like USDT or USDC, governments around the world are actively exploring sovereign alternatives that give them a great amount of control, transparency, and regulatory clarity.
What Are Stablecoins?
Stablecoins are digital currencies that are designed to keep their value steady because the rest of the cryptocurrencies available are highly volatile in nature. The price of these cryptocurrencies are kept steady by pegging their price to real-world assets like fiat currencies, commodities, or by using reserves and algorithms.
These stablecoins are built on blockchains such as Ethereum or BNB Chain, stablecoins allow users to send money quickly and at a low cost, making them far more practical for payments and everyday transactions.
The market cap of stablecoins has hit $315 billion mark in October 2025 and adoption of these coins has increased because of various reason. These stablecoins provide great speed and flexibility of blockchain without worrying about the price swings which is the biggest drawback of the cryptocurrencies. The transactions that are carried out are fast, these transactions can be carried out around the clock and they make cross-border payments simpler.
As these tokens are pegged to fiat currencies they are better suited for everyday transaction, remittances, and business payments than volatile digital assets.
Why Countries Need Native Stablecoins?
It has been observed that many countries are now interested in stablecoins to keep control over their own money in the digital age. As of now USDT, and USDC are the two main stablecoins that are dominating the crypto markets and instead of depending on US dollar pegged stablecoins, governments around the world want digital versions of their own currencies. If more and more countries adopt this method then this will reduced reliance on the dollar and allow countries to move across borders and within their own economies way more faster.
For export-focused economies, they simplify trade settlements by cutting delays and middlemen. These stablecoins also make it easier to bring real-world asset like bonds or commodities onto blockchain, expand the use of national currencies in digital markets and enable smoother government payments, and help countries build crypto-based financial systems without giving up monetary control.
Countries With Their Native Stablecoins
As per a study by CoinLedger, by 2025, 137 countries had already engaged themselves with CBDC projects ( digital version of a country’s official currency, created by the nation’s central bank), covering 98% of global GDP. Among them, Bahamas, Nigeria, Jamaica, and Zimbabwe have fully launched retail CBDCs, while 49 are running pilot programs, 20 are in active development, and 64 remain in research or other stages.
Within the G20, 16 of the 19 countries are piloting or developing CBDCs, including China, India and the Eurozone, while the US, Canada, and Argentina remain largely exploratory. This coordinated push by major economies could gradually reduce reliance on the US dollar, paving the way for a multi-currency digital payment era.
At the same time, private but regulated stablecoins are gaining ground. Singapore’s XSGD and Japan’s JPYC are examples of locally pegged digital currencies being used on blockchains for payments and settlements. Then there is Nigeria’ Naira pegged stablecoins (cNGN), Vietnam’s VNDC, and Malaysia’s MYRC. Kyrgyzstan recently launched its own som-pegged stablecoin on BNB chain with the help of Binance’s former CEO Changpeng Zhao while Taiwan, and South Korea are actively testing or preparing similar projects.
CZ Backs Local Stablecoins Across Countries
Changpeng Zhao (CZ), the co-founder of Binance is not just talking about stablecoins but he is also actively helping countries build them. A real live example was Kyrgyztan, where CZ supported the launch of KGST, a stablecoin pegged to the local currency. His role covered advice, investment, and the tech backbone, with the project running on BNB Chain.
Beyond Kyrgyzstan, CZ has said he is advising around dozen of governments on stablecoins and tokenization, including countries like Pakistan and Malaysia. However, most of these are still planning or pilot stages, with no official launches yet.
Today, February 6, 2026, CZ posted on X that Binance is he and Binance are working with more countries to issue stableciuns that are tied to their own national currencies. He also pushed the idea that every currency should be represented on-chain. With this tweet, he was hinting that there might come a point where many local stablecoins could coexist, rather than a one dollar-backed token dominating the space.
Working with more countries to launch their native stablecoins. Every currency should be represented on-chain.
— CZ 🔶 BNB (@cz_binance) February 6, 2026
Final Thoughts
Native stablecoins empower countries to reclaim financial control, blending fiat stability with blockchain speed. CZ’s push, from KGST success to a dozen ongoing talks, ignites a non-USD on-chain revolution. By 2030, it is being predicted that the stablecoin market cap may grows as much as $2 trillion, which will fuel remittances and tokenized trade worldwide.
Also Read: Stablecoins Surge: $312B Market, Neobanks Fuel Real-World Use
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