Quote from: lonerangerh on June 07, 2025, 03:46:00 PM

Your theory that Trump’s policies are steering stablecoins to become “official digital dollars” has merit, especially given the administration’s push to “bring stablecoin innovation onshore” and David Sacks’ comments on stablecoins extending dollar dominance digitally. The rise of USD1, backed by Trump’s World Liberty Financial and issued on BNB Chain, underscores this trend, with its $2.1 billion market cap making it the seventh-largest stablecoin in just two months. Treasury Secretary Scott Bessent’s remarks at the White House Crypto Summit about using stablecoins to maintain dollar hegemony further support this. Stablecoin issuers holding over $120 billion in US Treasuries also tie these assets to the US financial system, creating a feedback loop that bolsters government debt demand

I just think that they are trying to open up huge market of stablecoin to increase demand for the USD since the supply has been rising for quite a while, there needs to be a place to absorb all those money for it to not inflate too much.