Watching Elon and Trump, I can’t help but wonder if this is a new kind of civil war emerging from within America. When strong-willed individuals with firm convictions gain power, they may not clash within institutions, but their battles spill into the public arena—fueling market anxiety.

These figures, who now command the world’s attention, are exporting instability on a global scale. So where do we turn for a sense of stability?

The credibility of the U.S. market is gradually declining, and until the country finds its footing, capital may look to stay elsewhere. And perhaps, we may come to desire stablecoins that are no longer tied to the U.S. dollar.