Arthur Hayes: Stablecoins Could Unleash Trillions of Dollars Worldwide

In an interview with Kyle Chasse, Arthur Hayes, co-founder of BitMEX, pointed out that in many places around the world, such as Latin America and developing Asia, people have a strong demand for US dollars due to high inflation and deposit interest rates lower than nominal GDP, but it is difficult to obtain US dollars due to local regulations restricting foreign banks from providing US dollar services, which makes stablecoins such as TEDA popular. He believes that this situation is expected to release the global South trillion dollars of funds, stablecoin addressable market size or 34 trillion dollars; at the same time, mentioned that Besson and Trump promote stablecoins have geographical significance, the essence is to let the private sector promote stablecoins to the world, and eventually promote the purchase of government bonds, the core goal is to attract price insensitive buyers to buy government bonds, rather than focusing on innovation, and this move is in line with the interests of US monetary policy.