Why A Dominica National Stablecoin Will Secure Our Economy.
Dominica stands at a crossroads. For too long, 25 years, Skerrit’s government has focused on flashy projects and short-term spectacles, diverting attention from what truly strengthens our nation:
- stability,
- innovation,
- and financial inclusion.
The Dominica Reform Party (DRP) believes it is time for a bold, forward-looking approach, one that positions Dominica as a serious player in the global economy.
Why The DRP Supports A Dominica National Stablecoin.
The NEW Dominica Reform Party (DRP) believes in bold, practical solutions that secure our nation’s economic future. Around the world, governments are searching for ways to make money more stable, transparent, and accessible.
- El Salvador: Adopted Bitcoin as legal tender.
- Bahamas: Launched the Sand Dollar, a fully government-backed digital currency.
- Nigeria, China, and Sweden: Are piloting or rolling out national digital currencies to make payments faster, cheaper, and more secure.
Even the United States with its $37 trillion national debt, is exploring digital currencies as a strategic solution. In March 2025, the U.S. government established a Strategic Bitcoin Reserve, capitalized with approximately 200,000 bitcoins owned by federal agencies. This reserve aims to leverage bitcoin’s fixed supply, positioning it as a strategic asset in the global financial system. The initiative underscores the importance of managing national digital assets to enhance the country’s economic resilience and global standing.
Dominica cannot afford to sit on the sidelines. This shift is inevitable, and early movers gain the greatest advantage. By adopting a Dominica National Stablecoin now, Dominica can ensure its citizens have stable money, financial freedom, and a real stake in the future.
How It Works.
Our proposal is simple:
- Create and introduce a Dominica National Stablecoin, a government-backed digital currency.
- Each Dominica National Stablecoin would be tied to the U.S. dollar and backed by real assets such as foreign reserves, gold, and even a small share of modern assets like Bitcoin.
- This means for every Dominica National Stablecoin in circulation, there is real value held in reserve.
- People would be able to use the Dominica National Stablecoin with a phone app or card.
- The government would pay salaries and benefits in Dominica National Stablecoin.
- Businesses would accept it in shops and markets.
- Dominicans abroad could send money home to their loved ones instantly at a fraction of today’s sending costs.
Because Dominica National Stablecoin would be fully backed and transparent, everyone would see and trust that their money is secure.
The Best Way To Fighting The Currents Governments Inflation.
Inflation is one of the greatest hidden taxes on our people. By using Dominica National Stablecoin to stable global reserves, Dominica protoects its citizens from sudden swings in the local or global economy.
If the U.S. dollar weakens, reserves in gold and euros balance the system. If global shocks/drops occur, our diversified reserve protects Dominicans purchasing power. In short: your money stays stable, no matter what happens abroad.
Helping Our People.
This system brings three immediate benefits to Dominicans:
- No Fees: Indivduals and businesses can send money, make payments, and perform transfers without any transaction or monthly fees, keeping Dominica’s National Stablecoin free and accessible for everyone.
- Financial Inclusion: Every Dominican, even those without a traditional bank account, can hold and use Dominica’s National Stablecoin, ensuring full participation in the modern economy.
- Tourism & Trade: Visitors can easily use Dominica National Stablecoin, boosting business for local shops, restaurants, and services, while simplifying cross-border payments.
- International Use & Remittances: Dominica National Stablecoin enables fast, AND FREE international transfers, bringing more foreign money into Dominica and supporting families who rely on remittances.
- Price Stability & Security: Fully backed and regulated, Dominica National Stablecoin protects citizens from inflation, ensuring their savings and payments retain value.
- Convenience & Technology: Payments, bills, and international money transfers can be made instantly via phone or app, making daily life easier and more efficient.
- Economic Growth: By encouraging digital payments, Dominica National Stablecoin stimulates trade, small business growth, and investment, helping Dominica compete in the global economy.
- Transparency & Trust: The system is fully auditable and secure, so everyone can trust that their money is safe and the economy is protected.
Security Is Always The Priority.
We know trust is everything. That is why the NEW Dominica Reform Party (DRP) makes this promise:
- Every Dominica National Stablecoin will be fully backed by reserves you can see publicly.
- Cybersecurity will be top priority, with world-class systems to protect your money.
- Strong laws will guarantee your right to use Dominica National Stablecoin safely, without interference.
- All wallets above a small usage threshold are verified using ID, address, or biometrics.
- Transaction Monitoring will use blockchain analytics and automated systems to flag unusual patterns, such as: rapid large transfers between multiple accounts, circular transactions that seem intended to hide money sources.transactions far above normal daily limits.
- Daily and per-transaction limits prevent huge sums from being moved quickly.
- Large transfers trigger extra approval or verification steps.
- Any flagged transactions can be automatically reported to a government regulatory authority for review.
- Automated rules will freeze suspicious transactions until verified, without affecting normal users.
- Every Dominica National Stablecoin transaction is permanently recorded on the blockchain, creating a traceable history that auditors can review.
- Merchants and service providers must report transactions above a certain threshold. Ensuring that large cash flows are visible to authorities without affecting ordinary citizens.
The Dominica National Stablecoin will be designed to be safe, secure, and protected from abuse. Every wallet and transaction above certain thresholds will be verified, monitored, and recorded, making it extremely difficult for anyone to use the system for illegal activity.
Suspicious transactions will be flagged and reviewed automatically, while ordinary citizens can continue to use Dominica National Stablecoin freely for everyday payments, shopping, and sending money without fear. These safeguards ensure that Dominica National Stablecoin is a trusted and reliable currency for all Dominicans.
Stopping “Whales” From Crasshing The Price.
A Dominica National Stablecoin is designed to be stable, safe, and for everyday use, not a tool for gambling or get-rich-quick schemes. To prevent a large holder, often called “whales” from selling massive amounts on Dominica National Stablecoins and crashing the price, we will put strict safeguards in place.
- Each wallet will have daily transaction limits and caps on the size of individual transactions, so no single person can sell/dump huge amounts at once.
- Large sales above certain thresholds will require approval through a secure, multi-signature system, ensuring multiple trusted parties authorize any big transfers.
- These measures, combined with a locked liquidity pool and transparent reserves, ensure that the Dominica National Stablecoin cannot be manipulated by anyone for quick profit.
Citizens can use it freely for payments, savings, and international money transfers, while the system remains protected from sudden shocks. In this way, a Dominica National Stablecoin functions as real government money, keeping the economy stable and giving Dominicans confidence in the safety of their funds.
Dominica has a chance to move from being a follower to a global leader in financial innovation. The NEW Dominica Reform Party (DRP) vision is not just about technology, it is about dignity, fairness, and security for every Dominican.
People do not need to be scared of a Dominica National Stablecoin. This is simply the next step in how humans have exchanged value for thousands of years. Just like when debit cards were first introduced, technology changes the way we pay, but the purpose is the same, to make transactions easier, safer, and more convenient.
Throughout history, we have moved from bartering, to using spices, to gold coins, and to modern cash, each innovation made trade more efficient. A Dominica National Stablecoin is just the latest evolution of money, a stable, government-backed currency that you can trust for everyday use, saving, and spending.
Who Will Monitor Our Dominica National Stablecoin?
Central Reserve Authority
- The government (through a new Dominica Monetary Authority and/or under the Eastern Caribbean Central Bank) would hold and manage the reserves.
- Their role is to keep the peg stable, publish audits, and guarantee 1 DomCoin = 1 USD (or reserve value).
Independent Auditors
- To prevent corruption or misuse, independent auditors (local + international) would verify the reserves daily.
- These audits will be published publicly so every citizen can see proof-of-reserves.
On-Chain Transparency
- Blockchain is an open ledger. Anyone can track Dominica’s National Stablecoin in circulation.
- Unlike the prevous LUNC (Luna Classic), which collapsed because it was algorithmic and not backed by real reserves, the Dominica National Stablecoin will be fully collateralized.
How Will It Be Kept From Being Stolen?
Cold Storage for Reserves
- Most reserves (gold, USD, euro) are kept in secure central bank vaults or trusted global institutions.
- Crypto reserves (like Bitcoin) would be held in cold storage wallets, offline, impossible to hack remotely.
Multi-Signature Protection
- No single person can move funds. It will require multiple approvals (e.g., 5 out of 7 trusted keys from government, auditors, and central bank).
Smart Contract Safeguards
The a Dominica National Stablecoin contract will be designed with hard limits:
- New coins can only be issued if new reserves are deposited.
- Coins canot just be printed out of thin air.
International Partnerships
- Work with trusted global financial institutions (IMF, BIS, or reputable custodians) to secure reserves and build credibility.
And That Is The Bottom Line, Because The DRP Says So!
For too long, our Dominica labur Party and United WorkersPaprty have been selling photo‑ops and party favors while real problems quietly choke our future. Cable‑car headlines. Fancy festivals. Big promises with small results. That old playbook has failed Dominica for decades.
The NEW Dominica Reform Party (DRP) believes in a different kind of revolution, one built on sound money, real opportunity, and national dignity. We are not promising more spectacle. We are offering a serious, practical plan that will let Dominica compete in the global economy: a government‑backed national stablecoin, Dominica National Stablecoin.
Not Gimmicks, Just Structural Change.
While others spend our reputation on tourist stunts and headline events, the NEW Dominica Reform Party (DRP) is focused on what will actually grow our economy, stability, access, and trust. A Dominica National Stablecoin would be a fully‑backed digital currency, transparent, audited, and legally protected. It is not a speculative scheme, it is a modernization of money that makes everyday life cheaper and fairer for Dominicans.
What Does A Dominica National Stablecoin For Ordinary People?
- Cuts Costs For Families: International money transfer arrive faster and Free of service charges. Small businesses pay lower fees.
- Includes The Excluded: People without bank accounts can join the financial system using a simple phone wallet or card.
- Stabilizes Prices: With diversified reserves (dollars, euros, gold), a Dominica National Stablecoin shields families from local shocks and imported inflation.
- Attracts Real Investment: International tech and diaspora capital are naturally drawn to jurisdictions that offer predictable, transparent money.
- No Transactions Or Monthly Fees For Businesses or Indivudals: Dominica National Stablecoin will have no transaction or monthly fees for businesses or individuals, making it free, easy, and accessible for everyday use.
Be A Player, Not A Sideshow.
Dominica can either be the country that posts pretty photos or the nation that builds durable wealth. The NEW Dominica Reform Party (DRP) choose the latter. Instead of vanity projects that attract headlines for a week, the NEW Dominica Reform Party (DRP) will invest in systems that creates value for generations, stable money, secure digital infrastructure, and policies that back entrepreneurs and farmers, not political cronies.
If you are tired of hollow promises, tired of politicians who prefer ribbon‑cuttings over reform, the NEW Dominica Reform Party (DRP) offers a clear alternative: pragmatic, radical, and accountable change. We are not interested in short‑term applause. We want long‑term sucess for every Dominican.
It is time to stop cheering for leaders like Skerrit and Fontaine, who offer nothing but recycled promises every few years, and start supporting bold ideas that build our future.
Join us and let us make Dominica wealthy once and for ALL!
Team DRP