The demand explodes for stablecoins not denominated in dollars

What if the dollar was no longer the only compass of Stablecoins? All over the world, a background blade is formed: governments, regulators and businesses want alternatives. Between monetary sovereignty and geopolitical ambitions, crypto begins an unexpected turn.

Towards a crypto world without greenback?

Almost, or almost, stablecoins have been living in the dollar. The USDT and the USDC reign without sharing in the crypto universe, imposing their digital hegemony with the same insurance as an American uncle that is too rich in a family dinner. However, in the shadow of this domination, a challenge matures. It is not a noisy revolution, but a subtle, almost geopolitical thrill.

Dea Markova, influential voice at Fireblocks, does not mince his words: it is no longer a simple technical alternative, but a claim of sovereignty.

After all, why should the Singapore or Abu Dhabi economies be led to active American debt? It is no longer a question of technology, but of political posture. And as history has shown with Visa and Mastercard, the great powers do not like to depend on a foreign power, as stable as it is.

The European Union itself, so often chilly, begins to frown. The digital euro is no longer a distant concept, but a strategic response to a grip deemed dangerously systemic. Even regulated, even transparent, the cryptos backed by the dollar collide with a deaf, almost instinctive resistance. A rejection of the too American, like a subtle but tenacious allergy.

Emerging tracks, between pragmatism and vision

It is in this tense climate that some states take on the way. The United Arab Emirates, for example, do not bother with dogmas. Rather than imposing rigid regulatory barriers, they choose the path of discernment. In Abu Dhabi, no need for a local passport to exist: cryptos are assessed on their merit, not on their origin.

This strategy is paid. The USDT is recognized as virtual active. Circle, with its USDC, also obtained the green light. But above all, a Stablecoin project indexed to the dirham is in gestation. A first that could serve as a model for other ambitious nations, wishing to play their own monetary score in the digital concert.

The message is clear: the era of the dollar-king may affect its end in the crypto universe. Global adoption will no longer go solely through American standards. The wind turns, carried by a desire to rebalance. Crypto obliges, the story remains to be written-but this time, the ink may no longer be green.