The Dollar Is Crumbling. Fiat-Backed Stablecoins Are Next

The value of the dollar is rapidly declining, and as a result, it seems imminent that fiat-backed stablecoins, which are designed to maintain a stable value by being pegged to traditional currencies like the dollar, may soon face significant challenges and vulnerabilities in the financial landscape. source: https://www.coindesk.com/opinion/2025/12/05/the-dollar-is-crumbling-fiat-backed-stablecoins-are-next