Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
https://www.coindesk.com/business/2026/09/05/dollar-backed-stablecoins-can-push-local-currencies-lower-bank-of-korea-study-finds

Coindesk
Binance stablecoin pairs can push local currencies lower, Bank of Korea study finds
Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.