A Spot-backed stable asset could emerge as a superior alternative to fiat currency in economies suffering from inflation, capital controls, and banking instability. While it’s unlikely to replace fiat USD globally, it could gain significant adoption in struggling economies before challenging dominant currencies like the U.S. dollar. Let’s break down how this transition could happen and where it’s most likely to take hold. Step 1: Spot-Backed Stable Asset as a Safe Haven in Weak Economies Targ...