I’m with @Saifedean Ammous : Stablecoins don’t significantly contribute to net new demand for US treasuries, such that is strengthens the dollar and its reserve status - rather, stablecoins are more bullish for Bitcoin than the dollar.

If that triggers you, I suggest you watch this 14m presentation.

P.S. If you wait long enough, the bodies of Saifedean’s detractors eventually float by.

Thank you for your attention to this matter.

https://youtu.be/SFUiGTayVL8