Stablecoins and Sovereignty: The Battle for Digital Dollar Dominance

As stablecoins surpass $300 billion in market cap, central banks and regulators are locked in a high-stakes contest over the future of money. The outcome will determine not just the shape of financial markets but the nature of monetary sovereignty itself. The growth has been exponential. In 2020, the total stablecoin market cap was $20 billion. By 2024, it reached $150 billion. Today, it stands a...

markets but the nature of monetary sovereignty itself. The growth has been exponential. In 2020, the total stablecoin market cap was $20 billion. By 2024, it reached $150 billion. Today, it stands at over $300 billion, with daily transaction volumes routinely exceeding those of Visa and Mastercard...