Cryptodollarization: Stablecoins as Economic Weapons

TL;DR;

Stablecoins are being used as an economic weapon to dollarize the world and reset the US fiscal position. This cryptodollarization has already occurred in Venezuela, Argentina, and Nigeria, and is more aggressive than conventional dollarization. In a decade, many weak nations will be dollarized through a spontaneous bottom-up process, driven by consumers engaging in currency substitution. Stablecoins eliminate the power of borders in currency choice and allow network effects to take hold, making currency substitution faster and impossible to stop. Predictions of where these spontaneous crypto-dollarizations might occur have become much closer to reality in the last 12 months.