“Stablecoins, which merely peg themselves to these fiat currencies, inherit their structural weakness. Stablecoins are not digital islands of stability; they are tethered to melting ice cubes, losing purchasing power at precisely the same rate as the fiat currencies they shadow…
…And beyond this economic decay lies a more profound, sinister geopolitical danger: stablecoins do not merely inherit the debasement of their underlying fiat currencies—they also inherit and amplify the systems of monetary and political colonialism those currencies sustain. Whether through the U.S. dollar, the Chinese yuan, the CFA franc, or other hegemonic monetary regimes, stablecoins risk re-entrenching patterns of dependence and external control at precisely the moment when communities and nations around the world are seeking pathways to liberation and self-determination.”
📙
https://progressivebitcoiner.org/stablecoins-new-monetary…