Bitcoin Magazine Sam Lyman: “Bitcoin doesn’t need America. America needs Bitcoin.”
Dollar stablecoins, Sam Lyman says, are “like Starlink for the US dollar system”: if you have an internet connection, you can access the dollar. Because those tokens are backed by Treasuries, buyers are “effectively buying U.S. treasuries,” which he sees as a way to shore up demand for U.S. debt. He cites estimates that the U.S. stablecoin market could be above $3 trillion by the end of the decade — “$3 trillion of new demand for U.S. debt.” He also calls stablecoins, “in many ways,” “a gateway drug to Bitcoin,” and argues the setup can help the United States, stablecoin users, and Bitcoin over the long term.
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Source: Bitcoin Magazine
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