The evolution of communication technology has significantly reduced long-distance call costs, mirroring a similar trend in the financial sector where the internet’s embedded financial layer is driving down transaction fees. This shift is largely attributed to the rise of stablecoins, which saw explosive growth in recent years. As stablecoin transaction volumes surpassed $27 trillion in 2024, exceeding both Visa and Mastercard combined, providers like Tether now hold more U.S. Treasuries than some European countries, highlighting their impact on global finance. This growing integration of stablecoins has sparked a debate about legislative measures to bolster the U.S. dollar’s status as the world’s reserve currency.