https://open.substack.com/pub/milesharris/p/the-next-phase-of-gold-accumulation

The Next Phase of Gold Accumulation? Gold Stablecoins

So it seems the latest “digital dollar” isn’t backed by dollars at all - but by gold. The Kyrgyzstan government is experimenting with gold-backed stablecoins. But the real reason is far more strategic… and far more revealing. For while, it’s currently small in scale, this is how a pilot project begins & it fits perfectly with the desire of the east to accumulate more physical gold reserves.

In this video, we’ll explore how fragile cross-border payments, the apparent limits of dollar dominance, and hidden risks in fiat-backed digital money are driving these experiments. And later, we’ll uncover the surprising way gold stablecoins could ripple through global markets - in ways most people don’t realize.

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00:00 Intro

00:55 Cross-Border Payment Breakdown

02:01 Stable coins & Political Neutrality

03:01 Gold & Political Legitimacy

05:05 Price Discovery & benchmark Effects

06:14 Easing Transition

07:29 It's About Control

08:10 Why Now?

Miles Harris

21.12.25

#milesharris #digitalid