While the BRICSI countries (Brazil, Russia, India, China and South Africa) are increasingly striving for the dollar, one of the best-known players in the cryptomarkt sees a surprising aid for the preservation of the dominance of the American Caluta: stables. Tether CEO Paolo Ardoino says that dollar -related digital currencies such as USDT can play a key role in reducing efforts (dollars).
The stabilcoin as digital “Dollar”
In contrast to Bitcoin, unlike volatile cryptocurrencies, Stabilcoins are digital devices that are appreciated with a fixed currency or item. The most well -known device is USDT, which is attached to the dollar in a ratio of 1: 1. According to Ardoino, these tools in every country where they are available are actually encouraging the approval of the dollar – and therefore to strengthen US economic influence.
In recent years, BRICS countries have clearly indicated that they want to reduce their addiction by the American currency. As part of this, they have increased their gold reserves and taking into account the introduction of alternative commercial currencies. However, Tether can reverse this process – with digital tools.
Related content: Bitcoin can be the answer to Brics Dollar?
The Genius Law: Trump’s new weapon to maintain economic influence
Donald Trump’s presidency was accepted by the Genius ActThat a regulatory framework creates for the functioning of stablecoins. Ardoino, who was personally present in the White House When the law was signed, believes that this step could give a new impulse to the Stabilcoin market, which is now worth more than $ 265 billion. Tether, such as the world’s largest stabilcoin problem, sees great opportunities in this regulation, especially with the new digital dollar project for conquering the American domestic market. The genius law is therefore not only economic regulation – but also a geopolitical response to the growing influence of Brics.
Ask for stabilcoins and US government effects
The impact of Stablecoins goes much further than digital transactions. Ardoino explained that in countries with high inflation people are increasingly fleeing for dollar -related digital currencies. This process indirectly increases the demand for US government effects because they are covered by stable coins.
Tether itself, for example, has more than $ 130 billion in US government bonds – more than Germany. This is another sign of the fact that the Stabilcoin market is not only a crypto world phenomenon, but a real financial tool that influences the global economic balance.
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