Arthur Hayes Predicts Stablecoin Strategy for Reviving US Dollar Dominance

Arthur Hayes, co-founder of BitMEX, proposes a bold prediction: stablecoins could revitalize the U.S. dollar’s global dominance. He believes US Treasury Secretary Scott Bessent will leverage these digital assets to attract individual investors to US government debt, potentially addressing the nation’s fiscal deficit. This strategy would involve shifting investor focus away from central banks towards everyday people engaging with US government debt via stablecoins. Hayes envisions a symbiotic relationship between traditional finance and the crypto ecosystem where stablecoins bridge the gap, channeling trillions into the U.S. Treasury market.