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The discussion also touches upon the significance of stable coins, which serve as tokenized representations of fiat currencies like the dollar. While they can make payments seamless across borders, they lack their own native settlement layer. David Marcus, CEO of LightSpark, articulates that Bitcoin serves as that settlement layer for stable coins, reinforcing Bitcoin's role in the monetary stack even as the dollar dominates as a medium of exchange.
As the world transitions to digital currencies, it's crucial to understand that Bitcoin may actually strengthen undercurrents across both systems. While stable coins may momentarily bolster and prolong the dollar's influence, they simultaneously deepen Bitcoin's adoption and utility in the financial world.