Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin

🎬 Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin
Will tokenized bank deposits crowd out stablecoins? Caitlin Long, founder and CEO of Custodia Bank, says stablecoins are about $300 billion against roughly $5.7 trillion in traditional demand deposits, and that bringing tokenization into the banking system could be the bigger story. She also explains why the Treasury wants tokenized dollars and what the Fed is doing about it.
Chapters:

➤ Caitlin Long discusses the potential for tokenized bank deposits to overshadow stablecoins, highlighting the vast difference in market size and the Treasury's incentive to tokenize dollars to support US Treasury markets.
➤ The conversation delves into the Fed's cautious stance on crypto versus the Treasury's push for tokenization, and explores the parallels between the growth of the Eurodollar market and the current state of stablecoins.
➤ Long also touches on the long-term implications of tokenizing US equities, the inherent instability of the current banking model, and Bitcoin's role as a 'debasement trade' or 'digital gold' in a macro environment of high debt and potential inflation.

#Caitlin Long #Custodia Bank #tokenized deposits #stablecoins #US Treasuries #fiscal dominance #Bitcoin #banking system #Fed #Treasury Department

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