Vitalik Buterin proposed an alternative to stablecoins pegged to the US dollar.

Co-founder Ethereum once again proposed Abandon the US dollar as the base currency for stablecoins. According to Buterin, decentralized systems' reliance on the dollar exposes them to the risks of monetary policy and the geopolitical situation of a single country, and long-term inflation could reduce the utility of such assets.

In this regard, Buterin advocates the creation of personalized stock baskets, which would be created based on each user's spending structure using a local large-scale language model (LLM). Capital growth would be achieved through holding stocks, ETH, or other assets, while stability would come from the individual basket.

At the same time, global de-dollarization is accelerating: BRICS countries are entering into agreements to settle accounts in their national currencies, while dollar reserves are declining. For example, Russia conducts about a third of its trade in Chinese yuan, Brazil and China have agreed to direct settlements between the real and the yuan, and India has purchased a million barrels of oil for rupees.

At the same time, the dollar still dominates global financial flows: 90% of foreign exchange transactions and 48% of payments via SWIFT are conducted in the American currency. stablecoin USDT accounts for over 60% of the market with a volume of approximately $186,8 billion. Decentralized alternatives such as Ethena's USDe and Sky Dollar have a market value of around $6,3 billion each, while Dai has shrunk to around $4,5 billion.