What's going on, guys, it is Sunday, August 6th, and that means it's time for Long Read Sunday.

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All right, friends, happy Sunday.

Today we are reading two pieces, both on the topic of stablecoins.

And more specifically, the topic of what stablecoins mean for the U.S. and the U.S. dollars relationship with the rest of the world.

The first piece is called Stablecoins, a potential counter to de-dollarization.

The piece was written by Yianis Giochus,

a senior director of product innovation at Moody's Analytics.

Yianis writes,

As the global economy continues to absorb geopolitical tensions,

we see increasing speculation that the U.S. dollar's global dominance

could wane, with a steady decline in the dollar share of central bank reserves and increasing

de-dollarization efforts among BRICS nations and other emerging markets.

While the dollar is likely to remain the dominant reserve currency globally in the near future,

domestic and foreign policies could erode its overall dominance. Amid these shifts,

U.S. regulated fiat-backed stable coins may offer a novel counter-narrative that can enhance

the dollar's global power and mitigate the impacts of de-dollarization. The current global

economic landscape is marked by an increased tendency among nations to diversify their reserves

away from the U.S. dollar,

...