The US dollar's role as the primary international currency is driven by network effects that are extremely difficult to dislodge regardless of current policy instability.

“In which he said that the role of the dollar in the world economy is like the role of English. The everybody in the world who needs to communicate does it in English cuz everybody else does it. Everybody uses dollars cuz everybody else does it. And that's actually extremely hard to dislodge”

The issuance of dollar-denominated stablecoins is a deliberate strategy by the US government to maintain the dollar's global monopoly as its share of production declines.

“Here we have Tether minting unprecedented amounts of new dollar tokens that the American government is encouraging as a means for them to borrow more, but also as an instrument in its war to maintain the dollar's monopoly over international and national payments”

Donald Trump’s strategy regarding stablecoins is deviously smart and aims to reinforce the dominance of the US dollar at the expense of other currencies.

“He's very cunning. This is probably one of the smartest strategies I can remember.”

The US dollar remains strong and dominant because countries have not found a viable way to avoid its use for global transactions even if they have political grievances with the United States.

“I think in the foreseeable future, countries may not respect the US. They may view the US as a reckless and a rogue power. But you can still use our dollar to transact between Africa and Latin America efficiently and that will not be viewed as a political statement.”