On The Brink with Castle Island Weekly Roundup 04/11/25 (Tether’s new stablecoin, Signature, dedollarization, DoJ disbands crypto team) (EP.612)
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Apr 11, 2025 This week tackles the intriguing topic of dedollarization and its implications for the global economy. The conversation shifts to the new SEC guidance on stablecoins and the relaxation of rules for crypto activities in banks. Tether's exploration of a US stablecoin takes center stage, while the disbanding of the Justice Department's crypto enforcement team raises eyebrows. A light-hearted segment brings amusing stories about office gadgets and wildlife encounters, juxtaposing serious financial discussions with quirky humor.
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De-dollarization Debate
- Some commentators suggest de-dollarization is occurring, but there is skepticism.
- Evidence like equity values and the dollar index haven't shifted significantly.
Dollar's Dominance
- The hosts question what currency could replace the dollar, citing the Chinese yuan as an example.
- They highlight that even the Chinese yuan is pegged to the dollar, emphasizing the dollar's current strength.
Bitcoin vs. Gold
- While Bitcoin is suggested as a potential alternative, its current market size is too small.
- Gold's recent rally is acknowledged, but the hosts question if a fundamental economic shift has occurred.