📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Messari: Underground Dollar Boom Stablecoin Arbitrage in Emerging Markets
Author: Khurshed Murtazaqulov, Messari Intern Analyst; Translator: Jinse Finance xiaozou
Recently, I wrote a professional report for Messari, and I will summarize the key points of the report in this article.
Stablecoins are rapidly expanding in emerging markets.
What is the phenomenon that is most severely overlooked and neglected in the public eye? It should be arbitrage trading. Now let's take a look at the importance of arbitrage trading and why it is not a bad thing for emerging markets.
Among many emerging economies, the P2P market of centralized exchanges (CEX) has become the main channel for the inflow and outflow of fiat currency.
The existence of the price difference is because: the exchange rate of centralized exchanges (CEX) is determined by the market, is not controlled by the government, and is basically not regulated.
For example, Russian freelancers can currently earn 7% more rubles through Bybit's P2P market compared to banks. Faster and lower-cost remittance methods create natural demand and can provide better exchange rates.
The P2P market of centralized exchanges plays a crucial role in the exchange of stablecoins and fiat currencies. Binance leads the P2P market with 119 fiat currency trading pairs. In just the past 24 hours, the total trading volume of the three major exchanges (Binance, Bybit, and OKX) has surpassed $500 million.