{"id":32584,"date":"2025-06-19T03:46:32","date_gmt":"2025-06-19T03:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32584"},"modified":"2025-06-19T03:46:32","modified_gmt":"2025-06-19T03:46:32","slug":"peter-schiff-doesnt-think-stablecoins-will-help-preserve-dollar-dominance-heres-what-the-economist-says-theyll-do-instead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32584","title":{"rendered":"Peter Schiff Doesn&#8217;t Think Stablecoins Will Help Preserve  Dollar Dominance \u2014 Here&#8217;s What The Economist Says They&#8217;ll Do Instead"},"content":{"rendered":"<div>\n<p>Economist and market commentator <strong>Peter Schiff<\/strong> raised doubts about the potential of stablecoins to uphold the U.S. dollar\u2019s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading.<\/p>\n<p><strong>What Happened:<\/strong>\u00a0Schiff took to X, disputing the widely touted role of stablecoins in helping the U.S. economy. <\/p>\n<p>\u201cRising federal budget deficits and higher inflation will erode demand for non\u2013interest-bearing U.S. dollar\u2013pegged stablecoins,\u201d Schiff argued. <\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">With respect, you are forgetting the use of stablecoins in countries with high inflation where individuals trade their devaluing fiat into USDT (for example) to preserve buying power. Merchants in these countries may prefer to be paid this way. Subtle infiltration.<\/p>\n<p>\u2014 Frederick Frost (@fafrost) <a href=\"https:\/\/twitter.com\/fafrost\/status\/1935368846548119680?ref_src=twsrc%5Etfw\">June 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<p>He added that stablecoins will fail to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/46010451\/peter-schiff-doesnt-think-stablecoins-will-help-preserve-dollar-dominance-heres-what-the-ec\" alt=\"Peter\" schiff doesn think stablecoins will help preserve dollar dominance here what the economist says they do instead>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar\u2019s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading. What Happened:\u00a0Schiff took to X, disputing the widely touted role of stablecoins in helping the U.S. economy. \u201cRising federal budget deficits and higher inflation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32584","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32584"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32584\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}