Why Stablecoins Could Become the Digital Petrodollar
The US has a lot of debt.
The hard part isn’t the number.
It’s finding people who will keep buying that debt.
Stablecoins help.
A person in another country wants dollars, so they buy
USDT or USDC
on their phone.
The company behind that coin takes the money and buys short-term US government debt.
So:
they wanted digital dollars
the US got another buyer for its debt
That’s the idea.
Oil used to create demand for dollars.
Phones might do it next.
The US has a lot of debt.
The hard part isn’t the number.
It’s finding people who will keep buying that debt.
Stablecoins help.
A person in another country wants dollars, so they buy
USDT or USDC
on their phone.
The company behind that coin takes the money and buys short-term US government debt.
So:
they wanted digital dollars
the US got another buyer for its debt
That’s the idea.
Oil used to create demand for dollars.
Phones might do it next.
