Stablecoins, though, are more than a narrative. A stablecoin is a digital currency pegged to a fiat currency, usually the U.S. dollar, designed to offer price stability while retaining the advantages of crypto: fast, low-cost, borderless payments.
But this isn’t just a payments story. It’s a monetary one.
In a world where China is testing digital yuan models and BRICS nations are exploring dollar alternatives, stablecoins represent a powerful counterweight—one driven not by government mandate, but by market demand. They offer the convenience of crypto with the credibility and trust of the U.S. dollar, a tough combination to beat.
Stablecoins are the clearest evidence that crypto can serve U.S. strategic and economic interests. In a time of economic uncertainty, they are helping the dollar do what it does best: remain and grow as the default currency for global commerce.
Right now, they are the dollar’s strongest ally.
Chris Maurice is the CEO of Yellow Card, the largest licensed stablecoin payments company in Africa.
