A Proposed Bill to Usher-in a Legal Tender Gold-Backed Stablecoin

GGMF unveils its Vision for Global Empowerment of Indigenous Peoples Group Throughout the World, starting with a Proposed Bill to make GGMF’s Gold-Backed YWC Stablecoin legal tender in the Autonomous Cordillera and Mindanao Nations and in all ICC/IP’s Recognized Ancestral Domains.

MANILA, Philippines (December 8, 2025) — In a historic move to foster indigenous economic sovereignty and global solidarity, the Indigenous Peoples of the Cordillera Nation (IPCN) today announced a visionary framework for their gold-backed stablecoin, YWC, issued by the Global Gold Monetary Fund (GGMF).

This innovative digital currency, rooted in ancestral gold reserves and governed by customary law, is poised to serve as a transformative bridge connecting Indigenous Cultural Communities/Indigenous Peoples throughout the 7,000 islands of the Philippines (ICCs/IPs) potentially to all ICC/IPs communities worldwide.

By leveraging blockchain technology and the principles of divine stewardship under the “Holy to Yahweh” Component (Exodus 28:36), YWC aims to empower marginalized communities, enable seamless local and cross-border transactions, and potentially extend its reach to entire nations—such as those in Africa—seeking stable alternatives for international cross-border settlements.

Drawing from the rich cultural heritage of the Philippines’ 188 Tribal Communities which are part of the Confederation of indigenous tribal communities, YWC will be fully backed by physical gold held in perpetuity within ancestral domains, verified through Sworn Affidavits and semi-annual audits done through Yahweh’s Gold Bank. 

Unlike volatile cryptocurrencies, YWC will maintain a 1:1 peg to gold, ensuring stability and trust. Under the newly proposed Virtual Asset (Service Providers) Customary Act for the autonomous Cordillera Nation, YWC is recognized as legal tender in all NCIP-registered ancestral domains affiliated with the Confederation formed on October 28, 2023. This legal foundation not only protects indigenous resources from exploitation but also opens pathways for mutual recognition agreements with global community of First Nations, allowing YWC to be adopted as legal tender in their territories throughout their economic ecosystems.

“This is more than a currency—it’s a beacon of indigenous resilience and unity,” said Mailed Molina, Supreme Chief Pangat of the Autonomous Cordillera Nation. “YWC bridges our ancestral gold to the digital future, empowering ICCs/IPs from the mountains of Cordillera to the islands of Mindanao, and beyond to our brothers and sisters in the Americas, Africa, and Oceania. By honoring divine ownership of gold as stated in Psalm 24:1 and Haggai 2:8, we ensure ethical innovation that uplifts communities without dispossession.”

The vision extends globally, positioning YWC as a tool for indigenous-led economic networks. For instance, Native American tribes in Oklahoma, USA could interface with YWC through blockchain bridges, facilitating peer-to-peer trade in cultural goods or remittances while aligning with US state laws promoting gold-backed alternatives.

Similarly, in Africa—where stablecoins are rapidly gaining traction for unlocking $70 billion in pan-continental trade and streamlining remittances in high-fee corridors like Africa-Europe—YWC could serve as a cross-border settlement medium if adopted by nations facing inflation or currency instability. Initiatives like IOTA’s stablecoin projects and Visa’s expansion in Central and Eastern Europe, Middle East, and Africa (CEMEA) highlight the continent’s fertile ground for such adoption, potentially integrating YWC into systems for instant payments and verifiable trade documents.

It would be an ideal gold-backed cross-border settlement medium of exchange throughout Africa, said, Joseph Allain Lenferna de la Motte, GGMF’s principal spokesperson and its Managing Trustee.  Africa provides a fertile landscape for stablecoin growth, with real-world precedents in non-gold-backed stablecoins (e.g., USDT, USDC) that demonstrate how YWC could be adapted for similar use cases.  Africa’s crypto ecosystem is booming—Sub-Saharan Africa (SSA) ranks among the top regions for stablecoin transaction volume, reaching $50-181 billion annually in recent years, driven by inflation, remittances, and cross-border trade.