Investment Perspective | Stablecoins: A New Monetary System for the Volatile Crypto World and the Future Economy
- FOFA
- Dec 2, 2025
- 4 min read
Beyond the headlines of Bitcoin's boom-and-bust cycles and the frenzied speculation of memecoins, there exists a stable and powerful cornerstone within the crypto world—Stablecoins. Their story is far less thrilling than other crypto assets, yet their importance is unparalleled. They serve not only as the "stable anchor" for trading but also as the "bridge" to the future economy.
1. The "USD" of the Crypto World: The Invisible Pillar
If you trade on a crypto exchange, you will notice a common phenomenon: most trading pairs are not denominated directly in US Dollars, but in stablecoins like USDT or USDC. Why?
Safe Haven: When the market crashes, traders can instantly swap Bitcoin or Ethereum into stablecoins worth $1 to preserve their principal, without the complexity of converting back to fiat currency.
Unit of Account: In an extremely volatile market, stablecoins provide a stable value coordinate, allowing you to clearly calculate profits and losses.
Without stablecoins, the current crypto financial system would be like a ship without ballast in a storm—destined for a much rougher ride.
2. The "Lifeblood" of DeFi
If blockchain is the skeleton of DeFi (Decentralized Finance), then stablecoins are the flowing blood.
Lending Foundation: On platforms like Aave and Compound, the majority of deposits and loans are in stablecoins. You deposit stablecoins to earn interest or use them as collateral to borrow other assets.
Liquidity Core: In decentralized exchanges like Uniswap, stablecoin trading pairs provide the deepest liquidity and serve as the central hub for all asset exchanges.
3. The "Digital Cash" Bridge for the Future Global Economy
The potential of stablecoins extends far beyond the crypto world.
Cross-Border Payment Revolution: Traditional international remittances require days to settle and incur high fees. Stablecoin transfers are completed in minutes with extremely low costs, bringing revolutionary changes to global trade and personal remittances.
Payment Tools for the Future AI Economy: Imagine your AI assistant needs to purchase a service for you. It interacts with the service provider's AI via a smart contract and completes an instant, small-value micropayment using stablecoins. Due to their stability and programmability, stablecoins are the ideal medium of exchange for the "Machine Economy."
Let us analyze these possible futures in detail:
Scenario I: The Era of AI-Driven "Absolute Productivity" — Contribution Points and Reputation Systems
When AI and robots undertake almost all material production, and basic human needs (food, clothing, housing, transportation) are met at extremely low or even zero cost, the economic cornerstone of "material scarcity" is shaken.
Currency may no longer be necessary: If energy and materials become abundantly available—accessible as freely as air—then money, which exists primarily to "allocate scarce resources," loses its purpose.
New Incentive Systems: Contribution Points or Reputation Tokens:
Currency evolves into a unit measuring human creativity, social contribution, and influence.
You earn "Contribution Points" by making scientific discoveries, creating art, maintaining communities, or providing unique human care.
These points may not be used to "buy" basic goods (as they are free), but can be used to acquire scarce social resources, such as: superior living environments, personalized guidance from top-tier AI mentors, priority access to historic art exhibitions, or weighted voting rights on the direction of social development.
In this context, "currency" is essentially the quantification of "reputation," incentivizing higher-level human pursuits beyond material needs.
Scenario II: The Era of State-Led AI Production — Centralized Digital Currency (CBDC)
If AI productivity is primarily controlled by the state or a few mega-corporations, the social structure will remain centralized.
Central Bank Digital Currencies (CBDC) will become the absolute mainstream:
Governments can use CBDCs to distribute wealth and regulate the economy with extreme precision.
Universal Basic Income (UBI): The government can distribute UBI to all citizens via CBDC to guarantee basic living standards in response to mass unemployment.
Targeted Stimulus and Taxation: Money can be easily directed to specific industries (e.g., ecological protection, space exploration), and instantaneous, programmatic taxation can be realized.
Absolute Surveillance and Control: This is a double-edged sword. The government can fully monitor economic activities to prevent illegal behavior, but it also poses a potential threat to individual freedom.
Scenario III: The Era of Decentralized AI Collaboration — Decentralized Cryptocurrencies and Tokens
If AI production tools are decentralized, everyone can create and collaborate through their own AI agents.
Cryptocurrencies and Smart Contracts will become the cornerstone of economic activity:
Machine-to-Machine Payments (M2M): When your AI personal assistant needs to purchase a service for you, it will automatically negotiate with the service-providing AI and pay instantly via cryptocurrency. This requires a highly programmable, permissionless currency.
Task Tokenization: A complex project (such as developing a new drug) can be broken down into countless small tasks, completed collaboratively by global AI and humans. The completion of each task triggers an automatic Token reward via smart contract.
On-Chain Reputation Systems: The reputation and contribution value of your AI agent within the network may be recorded on the blockchain as an immutable Token, determining what resources and cooperation opportunities it can access.
Key Characteristics of Future Money
Regardless of which scenario unfolds, the "money" of the future is likely to possess the following characteristics:
High Programmability: The flow of money and conditions for its use can be written into code, enabling automated execution.
Data Association: The value or function of money may be linked to personal data, contribution levels, or reputation.
Extreme Efficiency: Settlement is nearly instantaneous, and friction costs approach zero.
Purpose-Driven: Transforming from a simple "measure of value" and "medium of exchange" into a regulatory tool serving specific social goals (such as incentivizing innovation or achieving equity).
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