Euro Stable Watch

Euro Stable Watch

The Fourth of July Crisis: Hour by Hour

A speculative timeline: How stablecoin collapse could bring down the global financial system

Nicolas Colin's avatar
Marieke Flament's avatar
Nicolas Colin
and
Marieke Flament
Jul 30, 2025
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July 4th, 2027: The New Digital Dollar Age

We are on the Fourth of July, 2027. Less than two years ago, America celebrated the passing of the GENIUS Act, landmark legislation that transformed the global financial landscape in ways few could have predicted. Since then, stablecoin volumes exploded, growing five-fold to reach $1.2 trillion in total circulat…

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