@bitmaxia
In Latin American silver producing countries, where the top five producers represent close to half of global supply, silver’s surge is revealing a quiet shift in monetary behavior.
What appears as commodity revenue is increasingly treated as balance sheet exposure.
Local currencies remain essential for wages, taxation, and political stability.
But excess value is being reallocated into dollar denominated stablecoins, not as a vote of confidence in the dollar, but as a preference for neutral settlement infrastructure.
This reflects a broader pattern in resource economies.
Risk is being de dollarized at the sovereign level while settlement remains dollar based at the transactional layer.
The system is not being rejected.
It is being bypassed selectively.
This is less about ideology and more about financial architecture adapting to fragmentation.
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