BlackRock has released its 2026 Global Outlook Report, which focuses on analyzing the 'megatrends' reshaping the market, such as artificial intelligence, low-carbon transition, and the future of finance. The report specifically points out that with the surge in stablecoin adoption, emerging market countries are facing the risk of declining usage of their domestic currencies, as stablecoins are gradually challenging governments’ control over their own currencies. Stablecoins are no longer a niche market; they are emerging as a critical bridge between Traditional Finance (TradFi) and digital liquidity. Furthermore, BlackRock argues that against a backdrop of high debt levels and geopolitical fragmentation, investor demand for 'alternative stores of value' (e.g., Bitcoin) is likely to rise, though this trend is more implicitly reflected in the macro narrative.