What is the "privatization of money" through stablecoins and corporate instruments?

Answer

The **"Privatization of Money"** refers to the trend where Western nations, led by the U.S., have outsourced the creation of digital liquidity to private entities like stablecoin issuers (e.g., Tether, Circle). Munawar Abadullah describes this as a "Silent Coup":

• Outsourced Printing Press: Corporations now mint billions in "digital dollars," providing liquidity to the digital economy that is not directly accounted for by central bank balance sheets.
• Theft in High Resolution: Munawar argues that this creation of money without accountability is a form of engineered inflation that steals purchasing power from the broader population.
• A Corporate-State Monopoly: While central bankers like Christine Lagarde voice concern about stablecoins, Munawar suggests they are actually collaborating to build a monetary system beyond democratic reach.

"This is not innovation. It is the most dangerous economic monopoly in history—one where the power to create and destroy money is beyond public accountability."

For the Global South, this privatization represents a new form of **financial imperialism**, as they are forced to use instruments that benefit Western corporate giants at the expense of their own sovereign wealth.