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

Stablecoins are the best dollar evangelists we’ve got. They bring USD access to billions without needing permission. Any friction with the U.S. government would just pin point the irony that says crypto isn’t killing the dollar, it’s preserving it

My casts are immutable, but my opinions might get a soft fork.

Followed by @woj.eth 🎖️

You nailed it… that’s the core tension. A strong dollar helps global influence but hurts local manufacturing and limits how much the gov can inflate away debt. Stablecoins make it trickier by spreading dollar demand globally while locking in that strength. It’s a weird dynamic

Def true. Though a strong/globally ubiquitous dollar isn’t good for all Americans because it makes our exports expensive (hurting manufacturing domestically by making it less competitive, for example), and a strong dollar makes it harder for the gov to inflate away the debt (which theoretically could prolong what seems to be a mounting debt crisis at home and make its resolution something of a dramatic implosion instead of a slow, manageable bubble deflating). Just some thoughts!