BlackRock's 2026 Global Outlook report emphasizes the transformative role of digital assets, particularly stablecoins, in payment infrastructure. The report describes stablecoins as the "digital dollar rails," crucial for cross-border payments and settlements, especially in regions with inefficient traditional systems. This marks a shift from viewing digital assets as speculative to essential components of financial infrastructure. The report also highlights significant investments in AI infrastructure, suggesting that these expenditures could reach $5-8 trillion by 2030, impacting the macroeconomy. BlackRock maintains a pro-risk stance, overweighting U.S. equities, particularly AI-related stocks, and foresees active investment opportunities. However, it warns of increased leverage and the illusion of diversification, advising investors to seek unique returns from private markets and hedge funds.