Igor Tomych

Short but punchy interview with @IgorTomych from @FintechGarden while at Money20/20 Amsterdam to talk through something I've been thinking about a lot: are stablecoins becoming the new engine of dollar dominance? My argument: the petrodollar loop isn't dying — it's being upgraded. Stablecoins are the tool the US is using to open-source the dollar. Anyone, anywhere, can download a wallet and hold dollar-denominated tokens. Dollar hegemony doesn't weaken. It deepens. What I also tried to map in the conversation: → The three-way contest: the US open-sourcing the dollar, China running a tightly controlled yuan across onshore, offshore and Hong Kong rails, and Europe caught in the middle — still working out its digital stack. → Why 99% of the stablecoin market is dollar-based. It's not ideology. It's liquidity and network effects that are genuinely hard to replicate without de-pegging. → Why the last 6–12 months changed something. More countries have realised they need a sovereign stablecoin before agentic commerce and tokenised assets default everything to the dollar. The problem: Tether and Circle have a ten-year head start. Anyone beginning now starts ten years behind. → Where Qivalis fits — a bank-backed euro stablecoin as one private instrument within a broader ecosystem that keeps the euro strong at home and internationally. Full video -- lnkd.in/eSUWGW5s — I co-author @CurrenPower with @Nicolas_Colin — subscribe for more on money, code, and the struggle for control in a debased world.