Tether and GENIUS are Dollarizing the World
Tether (USDT) and other dollar-backed stablecoins are quietly strengthening U.S. dollar dominance even as governments talk about de-dollarization. Stablecoins act as digital dollars, giving people worldwide fast, bank-free access to dollar stability—especially in high-inflation and capital-controlled economies.
Because stablecoins are backed by short-term U.S. Treasury bills, global demand for digital dollars creates new demand for U.S. government debt at a time when traditional buyers are weakening. U.S. policy, i.e., the GENIUS Act, reinforced this by legitimizing stablecoins. Instead of replacing the dollar, stablecoins modernize it—shifting dollar hegemony from treaties and petrodollars to blockchain-based, market-driven adoption.
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