🚨 Peter Schiff Questions Stablecoins' Role in Preserving Dollar Dominance

📊 Economist and long-time critic of U.S. monetary policy, Peter Schiff, has sparked fresh debate by arguing that stablecoins are a weak shield for the U.S. dollar's global status.

📢 In a recent series of posts, Schiff stated:

🗣 “Stablecoins won't secure the dollar’s role as the world’s reserve currency — their primary use case remains limited to crypto trading, not real-world monetary policy.”

📉 He further pointed to rising U.S. debt and persistent inflation as deeper threats to the dollar’s supremacy than any crypto-native solution could offset.

🔍 Schiff’s perspective adds fuel to ongoing discussions about:

◾️ The true utility of stablecoins

◾️ The future of USD as the dominant global reserve

◾️ The limitations of crypto in addressing macroeconomic challenges

🌐 As the world continues exploring the intersection of crypto and traditional finance, the role of stablecoins in the broader economic landscape remains a key question.

#Stablecoins #DollarDominance #Crypto #USDEBT #Inflation

https://coingape.com/peter-schiff-calls-out-stablecoins-as-weak-shield-for-dollar-dominance/