End the Dollar’s Crypto Monopoly: A New Path for On-Chain Finance

Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, argues that regulated multi-currency stablecoins are key to breaking the dollar’s grip on crypto. He contends that stablecoin innovation has outgrown its initial purpose of providing liquidity for traders, evolving into a powerful financial layer shaping how crypto is priced and managed. However, this dominance poses a risk: lacking credible alternatives in the Euro, Yen, and offshore yuan, the US dollar’s control will remain entrenched in crypto’s foundation for years to come.