Bitcoin Magazine Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin

Will tokenized bank deposits crowd out stablecoins? Caitlin Long, founder and CEO of Custodia Bank, says stablecoins are about $300 billion against roughly $5.7 trillion in traditional demand deposits, and that bringing tokenization into the banking system could be the bigger story. She also explains why the Treasury wants tokenized dollars and what the Fed is doing about it.

Chapters: 0:00 Fiscal Dominance and “Nothing Stops This Train”: Intro to Caitlin Long 1:53 Why Washington Is Pushing Tokenized Dollars and Where the Fed Stands 3:28 Tether, New Treasury Demand, and the GENIUS Act Rules 7:14 Community Banks vs. Megabanks: The Deposit Flight Debate 13:03 SVB, AI Agents, and a Banking Model Under Pressure 16:26 The Eurodollar Parallel and the Fed’s Reluctance 19:29 Tokenized Deposits vs. Stablecoins, and Tokenized Equities 26:50 Treasury Market Stress, Fed Hikes, and the AI Debt Question 30:24 Bitcoin as Digital Gold: Retail Ownership and Holding Long Term 35:25 Treasury Buybacks, Lessons From Volcker, and Life After the Clarity Act

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This post Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green .

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