The US dollar is becoming unstable, so stablecoins are starting to look for new backing.

[Crypto World] Stablecoins are the backbone of DeFi—$275 trillion in global value transfer relies on them. But now, this pillar is starting to shake.

The US dollar has already fallen by 11% this year, burdened by $38 trillion in debt, and the aura of the reserve currency is fading. That’s not good news for dollar-pegged stablecoins. USDT boasts a market cap of $183.3 billion, and USDC stands at $75.9 billion, but their foundation—trust in the dollar—is becoming less solid. Policy uncertainty and ongoing currency devaluation pressures are like ticking time bombs.

So some are taking a different path. Abu Dhabi’s Promax United has teamed up with Burkina Faso to launch Africa’s first gold-backed stablecoin. Their trump card is strong: up to $8 trillion in gold and mineral reserves. The logic is straightforward—if the dollar isn’t reliable, use real resources as backing, freeing digital currency transactions from dependence on a single fiat currency.

Whether this approach will work remains to be seen, but it makes one thing clear: the stablecoin sector is undergoing a fundamental restructuring.