politics

NEW: As President Trump's tariff strategy plays out, it's becoming clearer that crypto will play a leading role

At the same time Trump was in the Rose Garden, a House Committee passed a critical stablecoin bill

I chatted Tether CEO Paolo Ardoino to uncover the link 🧵

Award-winning Host of @Coinage covering crypto for a mainstream audience | Fmr. YahooFinance Anchor & Harvard Econ Grad | Co-Own Coinage with me 🫡

Enter stablecoins, the digital dollars on the blockchain that can exist anywhere and everywhere

Tether, the largest, has a market cap of ~$150 Billion. They made $13 billion in profits last year

They also nearly matched *THE UK* in terms of how much US debt they bought in 2024

Trump has sought to achieve taking on China while also maintaining a couple things:

- The dollar remaining the chosen reserve currency around the world

- The US government being able to borrow for cheaper than it otherwise would

But what if China isn't there to buy US debt?

One thing is extremely clear: Trump is taking on China head first

He's using tariffs to bring China to the table as China has increasingly grown its sphere of influence around the world:

Look at the Panama Canal
Look at El Salvador

But China holds nearly $1T in US Debt 🔫

Interesting and thoughtful post!
At least there is some silver lining to this past week