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By Bruno COLMANT, Ph.D., M.Sc., Member of the Royal Academy of Belgium
On Sunday, August 17, 2025, Washington D.C. is suffocating under oppressive summer heat. In the Oval Office, the president of the United States, Donald Trump, signs a decree that fractures the global economy.
Faced with runaway inflation, a record trade deficit, and staggering public debt, he cannot imitate Richard Nixon (1913-1994), who, on August 15, 1971, suspended the convertibility of the dollar into gold, allowing the greenback to float freely. Trump opts for a radical reform: authorizing the creation of stablecoins, issued by private companies and the U.S. Treasury, all pegged to the dollar. This unprecedented system introduces two currencies into circulation — the...
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