دور انتشار العملات الرقمية (crypto)في النظام التجاري والمالي الدولي للفترة 2015–2025

Abstract

This study aims to analyze the impact of the spread of digital currencies on the international trade and financial system during the period 2015–2025, in light of the rapid transformations driven by financial technology, blockchain, and cross-border digital payments. The study focuses on the role of digital currencies, particularly stablecoins, in improving the efficiency of international trade by accelerating payment and settlement processes, reducing transaction costs, and limiting dependence on traditional financial intermediaries. The study found that digital currencies have become an influential element in the structure of the international financial and trade system, as stablecoins have contributed to improving some aspects of cross-border payments in terms of speed and cost. However, their use remains associated with regulatory challenges and risks related to financial stability. The study also showed that the expansion of digital assets has prompted central banks to pay greater attention to the development of sovereign digital currencies, as a tool for preserving monetary sovereignty and modernizing official payment systems. The study concluded that digital currencies offer important opportunities for developing the international trade and financial system, but at the same time they require the establishment of clear and internationally consistent regulatory frameworks to reduce the risks of volatility, money laundering, and loss of monetary control.