Stablecoins were born from crypto’s ambition to challenge fiat currencies, yet they are reinforcing the global reach of the US dollar. As their expansion accelerates, the EU faces pressure on monetary sovereignty, fiscal disparities among member states, and a fragmenting financial system.
The primacy of the US dollar was built as much on alliances as on economics. As Washington grows more ambivalent about those alliances, the currency’s standing is at risk.
Prediction markets are booming, attracting billions in bets on everything from wars to the weather. But insider trading, perverse incentives and the prospect of heavy-handed regulation raise a question: can they deliver on their promise without doing real damage?
As the appetite for traditional foreign aid is shrinking in the US and Europe, accelerating the shift to digital finance across emerging economies could fill the gap and more.
Early crypto idealists envisioned ways to break finance free from government control. But as great power conflict intensifies, cryptocurrencies are becoming the playthings of rival nations.
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