What if the dollar was no longer the only compass of the Stablecoins? A background blade is formed around the world: government, regulatory bodies and businesses want alternatives. Between the currency sovereignty and geopolitical ambitions, the crypto begins an unexpected move.
In short
- More and more states challenge the dollar domination over stablecoins and provokes challenges of sovereignty.
- Europe actively examines the alternatives to the greenback.
- There are new stablecoins indexed to other currencies.
Towards the crypto world without a greenback?
Almost, or almost, stablecoins live in a dollar. Vrsky and USDC without sharing in the crypt of the universe and storing their digital hegemony with the same insurance as an American uncle who is too rich in family dinner. In the shadow of this domination, however, the challenge matures. It is not a noisy revolution, but a gentle, almost geopolitical excitement.
Dea Markova, an influential voice at Fireblock, does not capture his words: It’s no longer a simple technical alternative, but a claim to sovereignty.
After all, why should Singapore or Abu Dhabí economy be led to an active US debt? It is no longer a question of technology, but a political posture. And as history has proved to be with Visa and MasterCard, great forces do not like to depend on foreign power as stable as it is.
The European Union itself, so often cold, begins to frown. The digital euro is no longer a remote concept, but a strategic reaction to adhesion considered dangerously systemic. Even regulated, even transparent, cryptus supported by the dollar collides with a deaf, almost instinctive resistance. Rejection too much to an American, as a gentle but tough allergy.
The traces of the resulting tracks, between pragmatism and vision
In this tense climate, some states deal with. For example, the United Arab Emirates do not bother with dogmas. Rather than storing rigid regulatory barriers, they choose the way of distinguishing. There is no need to exist in Abu Dhabi: Kryptos are evaluated according to their merit, not according to their origin.
This strategy is paid. USDT is considered virtual active. Circle, with his USDC, also got green light. But above all, the Stablecoin project indexed to Dirham is in pregnancy. The first to serve as a model for other ambitious nations and wanted to play his own cash score at the digital concert.
The report is clear: The era of the king of the dollar can affect its end in the cryptal universe. Global adoption will no longer go through only US standards. The wind turns, carried by the desire to balance again. Krypto undertakes that the story must be written, but this time, the ink may not be green.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
