Stablecoins to the Moon! Will They Make the US Dollar King of the World?!

Waah! Stablecoins Gonna Be HUGE!

Hey it's Donkey here reporting live from… well wherever Shrek tells me to report from! And let me tell you I just heard the wildest news! These things called 'stablecoins' – which ain't got nothin' to do with stable doors I checked – are gonna be BIG! Like 'ogre sized' big! Some fancy pants analysts at Standard Chartered are saying that if things go right with some new laws these stablecoins could grow to $2 trillion by 2028! Can you believe it? That's more than I've eaten in my entire life...and trust me that's a LOT of waffles!

Treasury Bills? Sounds Like a Party!

So apparently these stablecoins are backed by something called 'Treasury bills'. I don't know exactly what those are but they sound like they could throw a pretty good party! But hold on to your hooves because this is where it gets even crazier! If these stablecoins get that big they could create a HUGE demand for these Treasury bills. Like $1.6 trillion worth! That's enough to buy every donkey in Duloc a lifetime supply of… well whatever donkeys eat besides waffles (do donkeys eat grass?!). And apparently this will support the US dollar which will become as strong as… well Shrek!

US Dollar: The Ultimate Currency?

These 'analysts' are saying that all this stablecoin action could make the US dollar even MORE dominant. I’m talking king of the swamp the whole enchilada! And get this once the US dollar is like that it's hard to change that because it's got network effects. Like Shrek being hard to get rid of you know because nobody wants to face him! Who knew money could be so… well territorial?

Stablecoins vs. the Swamp: What's the Difference?

Now these stablecoins are different from those wild cryptocurrencies like… Bitcoin! Supposedly they're designed to have a stable value usually against the US dollar. So unlike my mood swings when I haven't had my waffles these things are supposed to stay steady. They're mostly used for trading and some other fancy stuff I don't understand but people are watching them closely to see what’s happening in the crypto world! It's like watching Shrek eat his breakfast – you never know what he's gonna pull out of the stew!

Laws Laws Everywhere!

The news is that these laws governing stablecoins are being passed in the Senate and House of...something! They're trying to make the rules clearer. This is like Shrek finally putting up signs in the swamp: 'Beware Ogre' 'Keep Out' and 'No Solicitors'! It's all about setting boundaries ya know? These analysts think that this is going to cause the stablecoin industry to buy A LOT of Treasury Bills! The biggest the world has ever seen!

Join the Party at the New York Stock Exchange?!

And listen to this! There's even a party at the New York Stock Exchange! Seems like everybody is excited about this stablecoin thing! It is going to be the greatest party ever...next to the one Shrek threw when Fiona and he got married! Who's ready to party?! I know I am!