#稳定币 Seeing Ghana's move, what flashed through my mind was the shadow of the 2017 wave. Back then, central banks around the world were still in a "containment" stance towards cryptocurrencies. Now they are shifting to "framework regulation." What does this change mean? It means they are finally acknowledging a reality — that what cannot be stopped is better integrated into the system.

Ghana's case is particularly interesting. With a transaction volume of $3 billion per year and 17% of adults using crypto assets, these are not small numbers. What does this indicate? It shows that in regions where traditional financial systems are weak, cryptocurrencies have already become part of daily life. It's better to regulate than to block.

But what truly made me pause for reflection was the phrase "gold-backed stablecoins." This is not a new concept; in 2021, we saw various attempts at asset-backed stablecoins, most of which failed to make waves. Why is Ghana doing this again? Because gold is their resource endowment. This suggests that the future logic of stablecoins is shifting — from algorithmic stability and on-chain innovation back to the "old-school reliable" backed by real assets.

I've seen too many projects die in the dream of "revolution." Ghana's move actually tells us: the ones that survive in the end are often those that accept reality and find localized solutions. Not the most radical, but the most practical.