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ihte
@ihtexyz.eth
While we talk about decentralization and breaking free from traditional finance, stablecoins are actually strengthening the USD dominance. 🇺🇸 While China and other BRICS countries are trying to reduce their dependence on the dollar, crypto innovation is creating millions of new dollar users through stablecoins. It's like the internet accidentally became America's most effective financial ambassador. If you're running a central bank outside the US, this is your worst nightmare. Your citizens can now access dollars without your permission, just by downloading a wallet. But if you're in US policy, this is a gift - stablecoins are creating new buyers for US debt exactly when traditional buyers are pulling back. 99% of stablecoins are backed by US dollars. Not euros, not yen, not yuan - dollars. This isn't random. It's happening because people worldwide desperately want access to stable US dollars, especially in countries with shaky economies.
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ihte
@ihtexyz.eth
The exciting part though is stablecoins are enabling: > Global talent to earn in dollars while staying local > Fintech innovation in cross-border payments/remittances > Banking services for the previously unbanked > New revenue streams for tradfi Every new stablecoin user strengthens the dollar's network effect. It's like social media for money - the more people use it, the more valuable it becomes. And all this dollar dominance is being driven by the very technology that was supposed to challenge it.
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