"The Genius Act, passed in July 2025, signals a bold U.S. strategy to counter this by legalizing Treasury-backed stablecoins, unlocking billions in foreign demand for U.S. bonds. The blockchain hosting these stablecoins will shape the global economy for decades. Bitcoin, with its unmatched decentralization, Lightning Network privacy, and robust security, emerges as the superior choice to power this digital dollar revolution, ensuring low switching costs when fiat inevitably fades."
"You might have heard that the world is transitioning from a unipolar world order - where the United States was the only superpower and could make or break markets and dominate conflicts across the globe - to a multipolar world, where a union of Eastern-allied countries can organize despite U.S. foreign policy. This eastern alliance is called BRICS and is made up of major countries like Brazil, Russia, China and India."
The global order is shifting from a U.S.-dominated unipolar system to a multipolar landscape led by BRICS, reducing structural support for the U.S. dollar. Declining foreign demand for Treasuries and rising interest costs threaten dollar hegemony. The Genius Act of July 2025 legalizes Treasury-backed stablecoins to renew foreign demand for U.S. bonds by tokenizing dollar liabilities on blockchain rails. The choice of blockchain will determine economic influence for decades. Bitcoin's unmatched decentralization, Lightning Network privacy, and robust security present strong advantages as the rails for a digital dollar. Using Bitcoin minimizes switching costs and aids a smoother economic transition from fiat dominance.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]