Key Takeaways:
- Stablecoin now settles more value than Visa.
- They’ve created a $15B annual windfall for U.S. Treasury holders.
- The U.S. effectively launched a digital dollar through private issuers.
The $10 Trillion Shift No One Saw Coming
In November 2025, stablecoins crossed $311 billion in circulation—processing more money this year than Visa. Yet few outside the crypto world noticed. While Bitcoin flatlined at $101,000, stablecoins like Tether and Circle became the U.S. government’s most profitable and invisible financial partners.
These digital dollars now hold over $200 billion in U.S. Treasuries, generating an estimated $15 billion annually in interest—without a single vote in Congress. Every minted stablecoin equals a Treasury bond purchased, extending dollar hegemony through code instead of policy.
How the GENIUS Act Weaponized Crypto
Far from reining in crypto, the GENIUS Act turned it into a tool of U.S. power. By embedding dollar-backed tokens into global finance, the Act allowed Washington to export monetary control without issuing a central bank digital currency (CBDC).
Also Read: Top 10 Crypto Trends for the Next Bull Run
Ninety percent of Latin America’s crypto volume now flows through USD-backed stablecoins. The Middle East uses them for liquidity during crises. Global enterprises slash cross-border costs by 70%—all while the Federal Reserve indirectly steers the system through Treasury holdings.
Also Read: What Is a Stablecoin?
This is the Eurodollar system reborn: faster, traceable, programmable, and—critically—U.S. Congress-approved.
The Numbers Don’t Lie
The mechanics are staggering:
- $1.5 trillion in Treasury demand projected by 2027
- 55% stablecoin market growth in ten months
- Settlement speeds under one second—compared to Bitcoin’s 10 minutes
- $2 trillion in annual settlements removed from SWIFT’s balance sheets
China’s digital yuan looks outdated before launch. Stablecoins quietly achieved what no central bank could—global dollarization without friction.
The Dollar Already Won
By 2028, analysts expect $600 billion to $2 trillion in circulating stablecoins, handling a quarter of global remittances. As tokenized assets and programmable finance expand, the world’s financial plumbing is being rebuilt—privately, silently, and irreversibly.
The digital dollar didn’t need a public debut. It arrived disguised as “crypto innovation.”
