1/ Since Russia invaded Ukraine and sanctions were imposed, wholesale CBDC developments have DOUBLED.

This is a national security concern, since the dollar’s status as a reserve currency gives the United States tremendous power.

2/ Can stablecoins be the answer?

Over 99% are denominated in USD. This share is unusually high, as you can see with foreign exchange reserves, international debt, loans, and payments.

Rather than develop a U.S. sovereign currency, why not embrace what’s already working?

Thought this take by Luke Gromen (https://x.com/LukeGromen) on X is compelling - links price rise of Bitcoin, to increased issuance of stablecoins, which then increases demand for US treasuries, which then helps the US fund its deficit

Ofcourse there are many more factors at play, but it does give an impetus for the US govt to take Bitcoin seriously ironically to preserve USD hegemony