Sam Lyman: “Bitcoin doesn’t need America. America needs Bitcoin.”

Sam Lyman, a speaker on the topic, argues that dollar stablecoins are a gateway to Bitcoin and a way to shore up demand for U.S. debt.

He compares these tokens to Starlink for the U.S. dollar system, noting that with an internet connection, users can access the dollar.

Because these tokens are backed by Treasuries, buyers are effectively buying U.S. treasuries, which he sees as a way to shore up demand for U.S. debt.

Stablecoins as a gateway to Bitcoin

Lyman also calls stablecoins, “in many ways,” “a gateway drug to Bitcoin,” and argues the setup can help the United States, stablecoin users, and Bitcoin over the long term.

He cites estimates that the U.S. stablecoin market could be above $3 trillion by the end of the decade, representing “$3 trillion of new demand for U.S. debt.”