Because they’re not just a tech innovation.
They’re a defensive play to preserve dollar dominance.
This isn’t a crypto story—it’s a monetary one.
And it has major implications for Bitcoin
The GENIUS Act just passed the Senate.
Trump praised it as “American brilliance” and a masterstroke in digital asset leadership.
But dig deeper: this isn’t about embracing crypto broadly.
It’s about anchoring the digital future to the U.S. dollar.
Treasury Secretary Scott Bessent was asked if crypto threatens the dollar.
His answer?
Stablecoins are the opposite.
He says they reinforce dollar supremacy, and could become one of the largest buyers of U.S. Treasuries.
In places like Nigeria, stablecoins already are the dollar.
You don’t need U.S. banking access.
You don’t need physical cash.
You just need a smartphone and a reason to escape your local currency.
That’s not just convenience. It’s monetary policy exported as software.
But here’s the paradox:
Stablecoins expand dollar usage, yes.
But they also normalize the idea of digital cash… and introduce the rails that make switching currencies trivial.
Once the money’s mobile, it’s just one click from stables → Bitcoin.
Stablecoins currently reinforce the dollar as a medium of exchange.
Bitcoin is gaining adoption as a store of value—and it can function as a medium of exchange too.
They serve different roles for now.
But they’re both growing for the same reason: fiat dysfunction.
Trump is demanding lower rates. He just called Jerome Powell one of “the dumbest, most destructive” people in government.
Why?
Because he knows the dollar only works when it’s being debased.
Stablecoins give that debasement global reach.
Bitcoin gives it a measuring stick.
This is the real contest:
Stablecoins = a patch to preserve dollar liquidity
Bitcoin = a foundation to escape dollar erosion
Stables might win the rails.
Bitcoin wins the reserves.
One is built to survive inflation.
The other requires it.
So no, stablecoins aren’t the enemy of Bitcoin.
They’re the bridge.
They’ll bring billions into the dollar system, and eventually lead many of them out.
The only real question is: what happens when the world finally demands settlement in the harder asset?
