“Catholic” Stablecoin: Usury in Digital Disguise
EWTN News (February 11, 2026) reports on Crescite Innovation Corporation’s impending launch of “Catholic USD,” a dollar-pegged stablecoin claiming to fund Church charities through blockchain technology. Founders Eddie Cullen and Karl Kilb III position their venture as “using innovation to help those in need,” with 100% of investment yields directed to the “Catholic Global Mercy Trust.” The article uncritically praises this financial instrument’s “fee-free” global transactions while ignoring its theological contradictions. This constitutes a sacrilegious merger of Mammon and modernism, camouflaging usury with Catholic branding.
Economic Modernism Masquerading as Charity
The Crescite founders’ assertion that “people will no longer need traditional banks” echoes the anarchic individualism condemned by Pope Leo XIII: “The maintenance of the money standard is intimately bound up with the State’s welfare” (Libertas Praestantissimum, 1888). Their comparison of banks to “Blockbuster video” reveals technological utopianism antithetical to Catholic subsidiarity. By advocating the abolition of regulated financial institutions – which, despite flaws, operate under legal frameworks restraining usury – they promote economic chaos. The claim that blockchain transactions are “secure” ignores repeated cryptocurrency exchange collapses, from Mt. Gox (2014) to FTX (2022), which vaporized billions in investor funds.
“The only difference between us and banks is that they take your money and leverage it to make a profit. What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”
This statement constitutes blasphemous equivalence between charitable giving and profit-seeking. The Church has always distinguished licit profit from usury, defined as “the desire of amassing limitless gains” (Vix Pervenit, 1745). Crescite’s model depends on investing in U.S. Treasury bonds – instruments of a government that funds abortion and gender ideology. As Pius XI warned: “No one can be at the same time a sincere Catholic and a true socialist” (Quadragesimo Anno, 1931). This principle extends to collusion with anti-Catholic regimes through their debt instruments.
Blockchain’s Intrinsic Opposition to Catholic Order
Blockchain technology’s “decentralized” nature violates the hierarchical principle embedded in creation. As Pope Pius XII taught: “Authority is the necessary foundation for peace and order” (Summi Pontificatus, 1939). The anonymous origins of bitcoin (“Satoshi Nakamoto”) and Crescite’s partnership with BitGo – a firm serving crypto speculators – align with the occult roots of modern finance. Professor Kevin May’s endorsement of bitcoin for “banking the unbanked” ignores the Church’s teaching that “material riches are not only not obstacles to spiritual perfection, but can become helps to it” when properly ordered (St. Thomas Aquinas, Summa Contra Gentiles III, 134).
The GENIUS Act’s “bipartisan support” signals alignment with globalist financial interests. Its provisions allowing “nonbank entities” to issue stablecoins create parallel monetary systems outside Church-approved juridical frameworks. This fulfills Masonic goals of dismantling Christendom’s economic foundations, as denounced in Pius IX’s Syllabus of Errors (1864): “The Church ought to be separated from the State, and the State from the Church” (Error #55). Trump-associated USD1 stablecoin further exposes the political syncretism infecting this venture.
Theological Perversions in Marketing
Crescite’s name derives from Genesis 1:28 (“increase and multiply”), grotesquely applying a procreative command to financial speculation. The reference to Michelangelo’s Sistine Chapel fresco sacrilegiously equates God’s life-giving touch with digital usury. Their “Catholic Global Mercy Trust” subverts the spiritual works of mercy into materialistic wealth redistribution, ignoring Christ’s warning: “What doth it profit a man, if he gain the whole world, and suffer the loss of his own soul?” (Matthew 16:26).
Nowhere does the article address whether funded “Catholic hospitals” provide abortion referrals or “schools” teach gender ideology – likely recipients given the conciliar sect’s corruption. The stablecoin’s “insured” status through BitGo offers false security, as insurers themselves rely on fractional reserve banking condemned by Benedict XIV in Vix Pervenit. This venture epitomizes the “cult of man” denounced by Pius XII – replacing trust in Providence with faith in algorithms.
Conclusion: Digital Golden Calf
Crescite’s scheme embodies the conciliar sect’s abandonment of Regnum Christi for earthly utopias. As Pope Pius XI declared: “The empire of Christ over all nations was rejected… The right which the Church has from Christ to teach mankind has been denied” (Quas Primas, 1925). True Catholics must reject this monetary idolatry, recalling that St. Matthew expelled usurers from the Temple. Until Rome’s throne is freed from antipopes, no “Catholic” financial instrument can exist – only varying degrees of collaboration with Babylon’s economic order.
Source:
Catholic digital assets company about to mint its first stablecoin (ewtnnews.com)
Date: 11.02.2026