Gold Goats 'n Guns Podcast Episode #223 - Vince Lanci and What Lurks Beneath Stablecoins
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Jul 25, 2025 Vince Lanci, founder of VBL Goldfix and a keen observer of macroeconomics, dives deep into the evolving world of stablecoins. He examines the U.S. stablecoin strategy and its implications for global finance. Lanci discusses the juxtaposition of the U.S. dollar with alternatives like gold and Bitcoin, while also analyzing the regulatory landscape around stablecoins. The conversation touches on Gresham's Law, fiscal policy's impact on stability, and highlights gold's growing significance in this new financial paradigm.
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Dollar's Safe Haven Status Erodes
- The U.S. Treasury is no longer seen as the safest store of value globally due to counterparty risk, with gold emerging as a current safe haven.
- The world is splitting into two currency spheres: the U.S. dollar and China's yuan, which is increasingly tied to gold and gaining international traction.
Stablecoins Accelerate Financial Markets
- Regulated stablecoins enhance liquidity, settlement speed, and transparency, enabling new financial tools like automated escrows and yield-bearing assets.
- They allow near-instantaneous transactions bypassing traditional multi-day settlement delays in money market funds.
Stablecoins Shift Currency Dynamics
- U.S.-backed stablecoins benefit from the rule of law, making them safer than many sovereign currencies, promoting stealth dollarization globally.
- Unlike traditional Gresham's Law, good dollar-backed stablecoins circulate widely while weaker currencies like the euro become localized and hoarded less.