Bitcoin Magazine Podcast

Debasement vs Redollarization: Gold, Tether & Bitcoin Shaping the New Monetary Order | BPH Ep. 26

Jan 30, 2026
Ken Egan, policy expert at the Bitcoin Policy Institute, unpacks why Tether launched a U.S. stablecoin now and the politics behind it. He examines SEC–CFTC harmonization, Coinbase’s outsized influence in Washington, and the debasement trade boosting gold, silver, and potentially Bitcoin. Multiple short takes on regulation, market structure, and geopolitical money shifts.
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ANECDOTE

Snowstorm Workday And Shoveling Workout

  • Ken Egan described Washington's snowstorms as paralyzing and turned his remote workday into a chance for better podcast lighting.
  • He joked about shoveling as a full-body workout and staying limber while working from home.
INSIGHT

Tether's U.S. Move Is Mostly Strategic

  • Tether launched a U.S. GENIUS-compliant stablecoin largely for business and political reasons rather than technical necessity.
  • The move buys regulatory goodwill while leaving Tether's global liquidity dominance intact.
INSIGHT

Global Reach Beats U.S. Branding

  • Tether's global reach and deep liquidity make its non-U.S. product far more impactful than a watered-down U.S. version.
  • A U.S. presence chiefly signals legitimacy and hedges political risk rather than replaces global market share.
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