Crypto Newcomer: A Skeptic Starts a Stablecoin

A well‑known economist, once famous for predicting economic downturns, has surprised many by announcing a new digital token. The token will be linked to his own investment fund, which focuses on low‑risk assets like short‑term government bonds, gold, real‑estate shares, and defense stocks. The idea is to give people a stable digital way to hold money while still earning income from those assets. The launch is set for the United Arab Emirates, and people will be able to buy the token in a few weeks. The fund itself has already performed well, rising about nine percent since it opened last month and paying a yearly dividend of 2. 45 percent. Why create a token instead of just buying the fund? The economist and his partner see stablecoins—digital currencies tied to a real currency like the dollar—as essential for modern transactions. Rising global tensions and moves away from the dollar are making these digital units more popular, with a market worth over three hundred billion dollars.

However, stablecoins still face inflation risks because they are backed by fiat money. The new token aims to solve this by being supported by income‑generating assets, so its value should stay steady even if prices rise. The goal is to give people a safe place to park their money when they are not actively investing. Despite launching this project, the economist remains doubtful about most cryptocurrencies. He says that more than ninety percent of crypto assets are worthless and calls them “junk. ” He also doubts that they can serve as reliable money or a scalable payment system. When asked about Bitcoin’s future, he warned that the price is likely to fall rather than rise, citing recent market volatility. He does, however, believe that the underlying technology behind blockchains can be useful if applied correctly. He sees a difference between the coins themselves and projects that use blockchain in more practical ways.

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