The cryptocurrency landscape shifted dramatically after China's 2021 Bitcoin mining ban, pushing miners to the U.S. and sparking a "crypto war" where Russia and Ukraine used digital currencies for geopolitical aims—evading sanctions and funding defense, respectively. The EU struggles to balance environmental concerns with innovation. Stablecoins, with $27.6 trillion in 2024 transactions, are driving a new financial order, likened to a digital “Bretton Woods.” The U.S. promotes private stablecoins to maintain dollar dominance, while China fears “re-dollarization.” With projections of a $2 trillion stablecoin market by 2028, this digital financial system is becoming an inevitable reality.