Great write-up on the macro implications of stablecoins this morning from the incredibly useful @FRNT_Financial newsletter (a daily must-read btw). Both the ECB and China are worried that the growth of US dollar stablecoins will extend dollar dominance. Stablecoins are a critical part of our economic future. What does this mean? 1) Stablecoin growth will extend for years; 2) Stablecoins will have broad bi-partisan support from legislators for years.