The dollar’s falling apart. What happens next

In the 1800s, cities ran on horseback. You need to travel? Move things? Deliver the mail? You used a horse.

The whole industry was built around them – stables, blacksmiths, hay sellers.

Horses were basically the backbone of urban life … but they were, Quite literally, Shit. The streets were full of pus, dead horses often just … stayed thereand the diseases are wild.

So it succeeded but was gross.

Then cars appeared – and you would think that people would be delighted. No more picking on the streets, yay, amirite?

Wrong. Early cars were seen as loud and unreliable. Some cities even banned them.

AND of course, All the industries dependent on the horse were scared – because that new “car” thing did not only seem impractical, but threatened their whole lifestyle.

But in 1908, Ford published a T – a car that would afford regular people. Roads improved. Mechanics appeared. The cities became cleaner.

And suddenly … Cars made sense.

By the 1920s, horses ceased to be important. It’s been almost 30 years and fierce resistance, But the world continued on.

You probably see where it goes.

The crypto is a car today. Tradfi is a horse lobby, it judges innovation according to the old standards and attacked for a system that somehow acts … but it is also creepy.

I bring this because Bank for International Settlements (BIS) recently Published a report about the future of finance – and they had a lot to say stabilcoini.

They claim that although stabibelions offer some useful innovations, they are Basically incapable of being the core of tomorrow’s monetary system.

We unpack some of their reasons – and where they hit or missed:

1/ Stablecoini are not consistent enough

Bis pointed out that different stablecoins (USDC,, USDT) come from different companies, so their prices can vary.

✅ Why is it a valid concern:

If people have to double check which stabilcoin get – and whether it will have a value – it is not great for trust or efficiency.

❌ But also:

Banking prices, applications to pay or dollars in different countries are also different.

Small prices differences are not really important to most users – they just want something that is fast, easy to use and cheap to send.

And the stables do it pretty well. Millions already use them everyday – It’s a better check of reality than an obsession with the perfect rate 1: 1.

2/ Stablecoini are not flexible

Stablecoins do not have elasticity – You can’t just print them on a request. You can only create new Stablecoins if one first lays the right money or property.

✅ Safe:

In the crisis of central banks, they can push money into the system to calm the markets.

Stablecoins can’t do this, which could make shocks difficult.

❌ But also:

The elasticity is also that we have received inflation, rescue and angry debt.

Stablecoins are deliberately tight – to avoid these accurate problems.

3/ stablecoins are too anonymous

Because Stablecoini are running on public blockchains and do not always require ID checks, they can be used without discovering who is behind the money.

✅ Why is it a valid concern:

Bis says it is a dream setup for criminals. If you don’t know who’s moving money, it’s harder to catch them.

❌ However:

Blockchain transactions are actually more to monitor cash because they are permanently recorded in the book of the public.

In addition, most dirty money still flows through traditional banks.

4/ Stablecoins could destabilize financial markets

Most stabular is supported by government bonds.

If a lot of people are trying to bring in during the crisis, these bonds could be quickly sold, which could cause a drop in price.

✅ Why is it a valid concern:

Such a shock can stimulate borrowing costs and cause a market instability.

❌ But also:

The problem is not with the stables themselves – this is with the lack of appropriate rules on how they are managed.

The blaming technology for a regulatory backlog is backwards.

5/ Stablecoins are not the future – but they hint at that

Bis says Stablecoins will not replace money, but show what users want: speed, privacy, access 24/7.

✅ From their angle:

CBDCs could take the best parts of cryptocurrencies and deliver them with more protection.

❌ Ali:

Stabiblecoins exist because The old system failed too many people.

Relaxing freedom into a new bureaucracy does not repair the root problem.

In the end, BIS is basically the central bank for the central bank, and its job is to protect the tradfi system. Of course he’ll get back a horse.

Stabblecoini and cryptocurrencies are generally a car.

Of course, they are not perfect. But they respond to real human needs: access, autonomy, speed and control. Things that the old system does not deliver.

So, now we wait: will the system develop … or pretend the streets are not covered with a horse?

Time will say.

You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are!