According to Hoskinson, these digital dollar tokens allow the U.S. to expand its currency’s reach far beyond borders, into places where traditional banking can’t go. “All the US has to do is open the floodgates and let people dollarize,” he said. “It’s a big competitive hedge against the Digital Yuan.”
With central banks and major powers like China pushing ahead with their digital currencies, stablecoins are quickly becoming part of a global monetary tug-of-war.
The Digital Dollar Advantage
Stablecoins are digital assets backed 1:1 by real-world currency like the U.S. dollar. They provide the convenience of crypto—speed, accessibility, and programmability, without the price swings seen in Bitcoin or Ethereum. Right now, most stablecoin activity takes place in crypto markets, but that’s changing fast. According to data from CoinMetrics, stablecoin settlement volumes crossed $10 trillion in 2023. USDC and USDT dominate the field, offering users around the world access to dollars without needing a U.S. bank account.
Hoskinson’s point taps into this shift: by making stablecoins more widely available, the U.S. could counter China’s rising influence with the Digital Yuan. China has already rolled out its CBDC to over 200 million people, with plans to expand globally, especially across Africa, Asia, and Latin America. These are regions where the dollar’s presence is strong but traditional access remains limited.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says “stablecoins enable the US government to expand USD into jurisdictions they can’t touch easily. All the US has to do is open the floodgates and let people dollarize. It’s a big competitive hedge against the Digital Yuan.” pic.twitter.com/m6lsdYnRbF
— Angry Crypto Show (@angrycryptoshow) April 19, 2025
Take Argentina, where inflation has soared above 200%. In response, many citizens are turning to crypto as a lifeline. A March 2024 Chainalysis report showed a 30% rise in USDT usage in Argentina over three months.
More About Charles Hoskinson
Charles Hoskinson, founder of Cardano, recently predicted a major crypto surge on the horizon. He believes that when the Federal Reserve lowers interest rates—a move many expect later this year—it will unlock a flood of capital into the crypto market.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says “the Fed will lower interest rates. A lot of money will pour into crypto—reignited by the market structure bill, stablecoin bill, and MAG7 entering. A huge wave of speculative interest will come probably August or September.” pic.twitter.com/uIHhQvZoxx
— Angry Crypto Show (@angrycryptoshow) April 19, 2025
According to Hoskinson, this renewed momentum will be fueled by key legislation like the U.S. market structure bill and the stablecoin bill, which are expected to bring much-needed clarity and investor confidence.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
