Digital Dollarisation and the Strategy of Interoperable Corridors
31 Jul 2026
Dr. Bhaskar Dasgupta, Chairman, Middle East Stablecoin Association
Expanding Monetary Reach Through Digital Channels
When international central banking conferences focus on stablecoins, digital assets transition from private sector technology to core international monetary architecture. Dollar-backed stablecoins serve as digital mechanisms that extend the reach of the US dollar across global networks, raising strategic questions for emerging markets regarding currency substitution and local monetary sovereignty.
Prioritizing Cross-Border Corridors Over Individual Tokens
With well-capitalized financial institutions and trusted banking systems, GCC economies are positioned to shape global digital financial infrastructure. Through initiatives at MESA, emphasis is placed on establishing cross-border corridors that enable seamless settlement between AED stablecoins, local currencies, and dollar stablecoins. Building connected, multi-currency payment networks provides greater long-term stability than relying on single-currency dominance.
Digital Dollarisation and the Strategy of Interoperable Corridors
Dr. Bhaskar Dasgupta, Chairman, Middle East Stablecoin Association
Expanding Monetary Reach Through Digital Channels
When international central banking conferences focus on stablecoins, digital assets transition from private sector technology to core international monetary architecture. Dollar-backed stablecoins serve as digital mechanisms that extend the reach of the US dollar across global networks, raising strategic questions for emerging markets regarding currency substitution and local monetary sovereignty.
Prioritizing Cross-Border Corridors Over Individual Tokens
With well-capitalized financial institutions and trusted banking systems, GCC economies are positioned to shape global digital financial infrastructure. Through initiatives at MESA, emphasis is placed on establishing cross-border corridors that enable seamless settlement between AED stablecoins, local currencies, and dollar stablecoins. Building connected, multi-currency payment networks provides greater long-term stability than relying on single-currency dominance.