Stablecoins on Faisal Khan https://faisalkhan.xyz/tags/stablecoins/ Recent content in Stablecoins on Faisal Khan Hugo en-us Sun, 23 Aug 2026 19:36:46 +0300 The Chart That Explains My Business https://faisalkhan.xyz/posts/chart-explains-my-business/ Sun, 23 Aug 2026 19:36:00 +0300 https://faisalkhan.xyz/posts/chart-explains-my-business/ A chart on purchasing power loss since 2019 explains why stablecoins, cross-border payments, and dollar access matter differently in markets like Türkiye. Look at what this chart is actually measuring. Take $100 in December 2019, leave it in local currency, and see what it buys in April 2026. Switzerland hands you back $93. Japan $89. The US and the Netherlands both sit at $77, the UK at $76. That is the tax nobody voted for, and most people in those countries barely register it because it arrived a few percent at a time. Then read the last line. Türkiye: $10.93. I live in Istanbul, so I do not read this one off a spreadsheet, I feel the pinch every time I buy groceries or renew a lease. Eighty-nine cents of every dollar gone in six years, which is why nobody in this market treats the lira as savings. They treat it as something you spend before Friday.

Purchasing power decline chart showing how much $100 from December 2019 buys in April 2026 across countries, with Türkiye at $10.93

This is also why the payments business looks so different depending on where you stand. In Zurich, a stablecoin is a curiosity. In Istanbul, Buenos Aires or Lagos, it is a life raft, and the person buying USDT is not chasing a trade, he is trying to keep what he already earned. Anyone building cross-border rails should read this chart as a demand map. The countries at the bottom are exactly where the volume is, and exactly where the regulators are most nervous about it.

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