Ideas shaping our future.

A new economic landscape

Recently, the rise of cryptocurrency and decentralized finance has brought the world to the verge of an economic revolution the likes of which has not been seen since the industrial revolution swept Western Europe and the United States over a century ago.

The original article forecasts that this economic revolution will be completed within the next 10–15 years. It argues that early-adopting smaller countries could benefit from increased trade, transaction activity and new opportunities in decentralized finance.

The HYEDram vision

The idea of HYECoin was strategically conceived in 2017 as a crypto-based corporate catalyst capable of advancing the economic interests of the Republic of Armenia in response to the actions of neighboring countries.

In 2021, under the direction of crypto legal and accounting advisors, including Perkins Coie LLP, HYECoin, Inc. decided to develop HYEDram as a stablecoin pegged to the Armenian Dram rather than the U.S. dollar.

The article presents a vision in which widespread use of an Armenian Dram–pegged stablecoin by the global Armenian Diaspora could support Armenia’s economic welfare through international trade and commerce.

Choosing the right blockchain platform

Central to the original HYECoin, Inc. strategy was the deployment of HYEDram for use among an estimated 10 million Armenians in the Diaspora.

At the time the article was written, HYECoin, Inc. was evaluating three potential platforms for the HYEDram ecosystem:

These platforms reflect the original article's evaluation; this page does not assert that they remain the current candidates or that a final selection has been made.

Three essential capabilities

Regardless of the final platform choice, the article identifies three foundational requirements for HYEDram: