\u201cVenezuela is one of the most prominent examples of countries where crypto adoption became an economic necessity,\u201d said Michal Moneta, chief operating officer at the Onchain Foundation. \u201cIt wasn\u2019t about favourable regulation. Individuals found solutions to their problems in cryptocurrencies.\u201d<\/em><\/p>\nStablecoins offer an obvious upgrade to the agricommodity supply chain without asking the industry to rethink who owns the silos.<\/p>\n
They are faster and more affordable than traditional FX payments in dollars. Significantly, a trader can continue using the same warehouse receipts while only switching the payment mechanism from SWIFT to stablecoin.<\/p>\n
In the US, the Genius Act now establishes clear reserve, disclosure, and licensing requirements for stablecoins.<\/p>\n
The revolution might be more gradual in Africa, as R\u00e9mi explained:<\/p>\n
Regulatory bypass risks may indeed exist in countries where crypto assets are restricted or banned; these are high-risk corridors where stablecoins are viewed as FX circumvention tools. In countries where crypto assets remain unregulated, the situation is admittedly a grey area: stablecoins can be used, but are not always locally off-rampable without offshore structures or local OTC intermediaries. <\/em><\/p>\nThat said, de facto acceptance is clearly growing. In South Africa, Nigeria, Botswana, Namibia, Mauritius, etc., regulatory frameworks now exist that formally recognise crypto assets. South Africa, in particular, is currently the best-in-class African jurisdiction for stablecoin trade settlement. So my view is therefore that we are moving toward a more generalised acceptance of crypto across the continent<\/em><\/p>\nEven so, regulators feel more at ease with a regulated electronic money instrument than with a token that grants ownership of cocoa stored in a warehouse.<\/p>\n
All in all, the most realistic near-term outcome is not tokens replacing warehouse receipts, but stablecoins becoming the standard settlement system for agricommodities.<\/p>\n
Is the CEO of Tether correct when he says that, within five years, all commodity transactions will be paid in stablecoins?<\/p>\n
What do you think?<\/p>\n
\u00a9 Commodity Conversations\u00ae2026<\/p>\n","protected":false},"excerpt":{"rendered":"
My interview last week with R\u00e9mi Burdairon sparked an intriguing discussion. Some readers questioned whether stablecoins and tokenisation would really revolutionise agricultural commodity trading. Li Liu commented: Stablecoins are plausibly useful as payment infrastructure \u2014 faster settlement and higher dollar velocity are real advantages. That claim stands on its own. Where the argument weakens is … <\/p>\n
Continue reading “Stablecoins and tokenisation – again”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[],"class_list":["post-13216","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9fIT3-3ra","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/posts\/13216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/comments?post=13216"}],"version-history":[{"count":6,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/posts\/13216\/revisions"}],"predecessor-version":[{"id":13225,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/posts\/13216\/revisions\/13225"}],"wp:attachment":[{"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/media?parent=13216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/categories?post=13216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commodityconversations.com\/wordpress2\/wp-json\/wp\/v2\/tags?post=13216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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