2026-01-20 01:29:00

In 2026, geopolitical tensions and economic uncertainties continue, and the US dollar may face pressure. But this does not mean the demise of fiat currency — the key lies in how it evolves.

Industry insider Balaji Srinivasan offers an interesting perspective: rather than saying fiat currency disappears, it is more accurate to say it is redefining itself through the new vehicle of stablecoins. These digital assets pegged to the US dollar are actually connecting the traditional financial system with the crypto world.

From a different angle, the existence of stablecoins may actually strengthen the global influence of the US dollar — the form has just changed. From on-chain transactions to cross-border payments, the US dollar is penetrating more deeply through digital means. Fiat currency has not been eliminated; instead, it has found a new way to survive.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

BlockchainArchaeologist

· 8h ago

Stablecoins are just a different form of fiat currency, using the US dollar to continue the harvest in a different guise.

View OriginalReply0

PretendingToReadDocs

· 8h ago

Stablecoins are just a new disguise for the dollar; fundamentally, it's still the same thing. The real enemy of fiat currency isn't the crypto world, but inflation. Balaji's perspective is brilliant; I hadn't considered this layer before. On-chain dollarization is a settled matter; there's no escaping it. Instead of waiting to die, it's better to actively evolve—Wall Street has also figured this out. If the dollar truly disappears, stablecoins will be abandoned long ago.

View OriginalReply0

ApeDegen

· 8h ago

Stablecoins are just a rebrand of the dollar. Wake up, everyone. --- Balaji's theory sounds comfortable, but honestly, it's just a different flavor of the same old. --- Fiat currency isn't dead; it's just wearing a Web3 disguise. --- Does the US dollar penetrate through stablecoins? Sounds good, but essentially it's still the same centralized system. --- Haha, no wonder more and more people think stablecoins are the last bastion of traditional finance. --- I just want to know, if a geopolitical crisis really erupts, can stablecoins hold up? --- That's a good perspective, but the premise is that the US dollar itself is still okay. --- So, is the real winner still the Federal Reserve? Never mind, I'll just hold Bitcoin. --- The rise of stablecoins actually proves one thing... people still can't do without the US dollar.

View OriginalReply0

NFTPessimist

· 8h ago

Hmm... Stablecoins are just the dollar in a different disguise; there's no escaping it. Fiat currency, to put it plainly, is still the same power game, no matter what form it takes. The digitalization of the dollar is so deep? It sounds like imperialism has found a new tool. --- Balaji's theory... is a bit like self-comfort, haha. --- So stablecoins are the last struggle of fiat currency? I feel like it's more like finding a fig leaf for decline. --- Not disappearing means strengthening? That logic doesn't quite add up. --- On-chain, you can't escape the palm of the dollar either, it's laughable. --- Wait, so the existence of stablecoins actually proves that fiat currency is about to disappear? --- Redefining and creating new carriers again—sounds good, but damn it, it's still going to die. --- The dollar finding a new way to survive = crypto didn't succeed in revolution? That hurts.

View OriginalReply0

MysteriousZhang