Why non-USD stablecoins are the future of global trade.
ICI’s AI generated summary:
- Non-USD stablecoins will dominate global trade.
- Stablecoins with specific qualities will be the preferred settlement layer for trade.
- Global commerce will shift towards non-USD stablecoins due to the potential demand and opportunity for stable coins in international trade.
- Global trade shifting away from USD
- USD dollar dependence is unsustainable due to dangerous monetary policy and debt
- Countries are starting to look for other currencies to settle trades
- Stablecoins could replace USD for global trade.
- Countries are losing faith in the stability of USD.
- Composite currencies like BRICS reduce risk for all parties.
- Non-USD stablecoins reduce global trade risk.
- Stablecoins backed by gold serve as an international settlement layer.
- Reduces volatility and risk for both sides of the trade.
- Future global trade relies on decentralized and composite stablecoins.
- Money is evolving towards both centralization (CBDCs) and decentralization.
- Decentralized composite stablecoins could provide a more diplomatic and equitable settlement layer for trade, but data privacy is essential.
- Compliance and accountability are key for non-USD stablecoins in global trade
- Private stable coins with auditability are preferred for Commerce
- Privacy in stable coins enables access controls and verifiability for international business
- Non-USD stablecoins offer flexibility and stability in global trade
- Silk aims to create a stable and durable asset through a basket of currencies and commodities pegged prices
- The inclusion in Silk’s currency index is based on economic performance rather than politics, unlike BRICS
- Decentralized financial technology enables global economy stability.
- Silk offers inclusive, open-source approach with participant involvement.
- Silk provides unique utility for private settlement and decentralized stability.
