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    <title>Monetary System on Geopolitics &amp; Economy</title>
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      <title>The Nature and True Impact of Stablecoins from an Accounting Perspective</title>
      <link>https://geo.articuly.com/posts/2025-06-27-stablecoin-essence-from-accounting-logic/</link>
      <pubDate>Fri, 27 Jun 2025 00:00:00 +0000</pubDate>
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      <description>This article examines the operational logic of stablecoins from an accounting perspective, refutes the erroneous view that &amp;#34;stablecoins facilitate the remonetization of debt,&amp;#34; analyzes their actual impact on liquidity—which involves a &amp;#34;contraction followed by expansion&amp;#34;—and clarifies that stablecoins are essentially subscription shares in the issuing institution’s assets rather than fiat currency.</description>
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