To understand why stablecoins represent the future of currency and settlement, it is first necessary to trace the historical evolution of currency and identify the core attributes that enable the currency system to effectively serve society. This includes not only the macro trajectory of currency development, but also the rise of US dollar hegemony and the “excess privilege” enjoyed by the United States as the world’s leading reserve currency issuer.
Barter and commodity currency
Early civilizations relied on barter, directly exchanging goods and services. With the increasing complexity of society, the low efficiency of barter led to the emergence of commodity currencies such as livestock (9000-6000 BC) and shells (around 1200 BC in Asia). These early currencies had intrinsic or socially recognized value, laying the foundation for standardized exchange media.
BINANCE Rebate invitation code:F2222
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