F09: From Dollar Dominance to Money Unbundled

Bottom Line

The dollar doesn't collapse—money itself fragments. Its three functions —store of value, medium of exchange, unit of account—are unbundling across systems that rarely interoperate: gold tokens, bilateral swaps, stablecoins, tokenised energy, warehouse receipts. Corridor sufficiency replaces universal reach when systems only need to work where you operate. Within five years, diversified but inefficient financial arrangements shift from niche to default. The question is no longer “What currency do I hold?” but “What money things perform the functions I need and who controls them?” Organisations operating across borders must choose which systems to commit to, knowing they can combine, fork and fail unpredictably. Strategic choices will reflect operational geography and alignment—not the financial optimisation logic of the past. 

Go Deeper

Content relevant to this forecast will be posted here as it is developed.