Abstract

Access to financial services and efficient cross-border payments are vital for fostering global economic inclusion. However, the traditional bank-based ecosystem is hindered by centralized control, slow transaction speeds, and high costs for both local and international payments. The emergence of cryptocurrencies, such as Bitcoin, was intended to address these challenges by providing decentralized alternatives. Despite their potential, cryptocurrencies have failed to serve as reliable means of payment or stores of value due to issues such as price volatility, limited scalability, complex user interfaces, and regulatory uncertainties. This paper proposes a novel model for creating a stable cryptocurrency backed by fiat currency to overcome these limitations and support global electronic commerce. The study explores the integration of stability mechanisms, scalability, and regulatory compliance, providing a framework for a cryptocurrency that balances innovation with practical usability.

Keywords: Novel model, Stable cryptocurrency, Fiat currency, E-commerce