The crypto sector is progressing steadily, though at different paces depending on jurisdiction. Nations that actively support blockchain innovation are seeing faster adoption and experimentation. Meanwhile, regulatory hesitation in certain markets—particularly around decentralized finance—is creating a drag effect. This lag in policy clarity isn't just slowing domestic innovation; it's also dampening the momentum for tokenized USD solutions globally. As more countries recognize the opportunity in digital asset frameworks, the competitive disadvantage for slower-moving economies becomes increasingly apparent. The question isn't whether decentralized finance will advance, but which regions will lead that charge.