CoinDesk Podcast Network

BITCOIN SEASON 2: Trump likes Stablecoins, not Bitcoin


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Reality check: President Trump likes stablecoins more than Bitcoin. What do Bitcoiners do?


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President Trump makes a pivot from Bitcoin to stablecoins in his latest policy statements. Reality check: stablecoins now account for over 50% of all crypto settlement volume, with Tether becoming the 7th largest holder of US Treasuries globally. We break down how stablecoins are being used in emerging markets, why Tron dominates the stablecoin landscape despite centralization concerns, and what this means for Bitcoin's relationship with the traditional financial system.


Notes:

- Tether is 7th largest buyer of US treasuries globally

- Stablecoins now 50% of all crypto settlement volume

- Tether holds $113 billion in treasuries

- Tron handles ~40% of stablecoin transactions

- Tether earns ~$4 billion yearly on Treasury yields

- Trump now promoting stablecoins for dollar dominance


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Timestamps:

00:00 Start

00:34 Trump video

03:09 Reaction

06:53 Tether buying treasuries

11:08 Other stablecoins

17:35 Arch Network

18:05 The Tether Eye of Sauron

20:10 Who's using stablecoins

22:18 Where are stablecoins traded?

26:31 Volume of all crypto transactions compared

32:33 A realistic view

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!


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