Stablecoins as the Digital Eurodollar: A New Era for Dollar Dominance
Stablecoins are described as the digital evolution of the eurodollar market, enabling global dollar access via smartphones. This shift allows the US to observe dollar flows and reinforces the dollar's global status through voluntary adoption, not treaties.
The old eurodollar market was nearly impossible for the US to see. 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝘂𝗿𝗼𝗱𝗼𝗹𝗹𝗮𝗿. Same idea, but open to anyone with a phone, not just banks. And this time, we can actually see the money move.
Every time someone in Brazil or Mexico buys a dollar-backed stablecoin, they do something no treaty could make them do. They choose the dollar. No diplomat, no campaign, just the best option available with their own money. For a century the US spread the dollar through a push: treaties, instituti
Stablecoins are the most powerful tool the US has to defend the dollar. It's time we start treating them that way. Read more: https://t.co/6VVtE4Qg2U