""Stablecoins are intrinsically subversive. Most people in the world live under capital controls and don't have the freedom to own whatever financial assets they want.""
""If the global population becomes increasingly dependent on the dollar, that will in turn serve the country's geopolitical interests.""
""Some governments will seek to promote a tightly controlled version of stablecoins known as CBDCs, or central bank digital currencies.""
""This trend will be a boon for the United States since it will further cement the dollar's current status as the world's reserve currency.""
Stablecoins, which are cryptocurrencies pegged to real-world assets, are increasingly integrated into the global financial system, with major companies like Visa and Stripe distributing them. Over 98% of stablecoins are dollar-based, impacting global economic dynamics. Experts suggest that this trend diminishes government control over money supply, allowing more people to use U.S. dollars for transactions. The rise of dollar-denominated stablecoins may strengthen the dollar's status as the world's reserve currency, prompting governments to develop controlled alternatives like central bank digital currencies (CBDCs).
Read at Fortune
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