Crypto and the Trump Admin could experience friction over stablecoins.

Some in the Admin want to devalue the $ to spur domestic industry. Others don’t because this would diminish reserve-currency status/global influence.

Bringing stablecoins to billions of people would increase $ demand and make devaluing harder

Why would Stablecoins make for a stronger dollar?
In the short term they flood the world with dollar supply which would actually weaken it, while still entrenching it.
Kinda a perfect solution 🤔

Crypto class of ‘21, now I plant food forests for a living.

Ahh. Ok so dollar-denominated stablecoins increase access to dollars, but they don’t increase supply of dollars. The federal reserve is basically the only entity that can increase dollar supply (ie money printing). So when you have more people chasing a specific supply of dollars, whether in the form of stablecoins, cash, etc, then that increased demand causes the value of the dollar to go up (on a relative basis).