
Beyond Fiat: Why Synthetic Dollars Will Define the Next Phase of Digital Finance
As global regulators sharpen their focus on fiat-backed stablecoins—from the European Union’s MiCA framework to the U.S. GENIUS Act—the stablecoin category is gaining legitimacy as financial infrastructure. But a more transformative shift is already underway. The next frontier in digital dollars is not compliance. It is programmable design. Synthetic stablecoins, built on-chain with crypto-native collateral…