Part 12/16:
The conversation highlights the increasing reliance on stablecoins—particularly Tether and others**—that operate in the Eurodollar market, offering a "tokenized dollar" that bypasses US regulations and offers a global dollar infrastructure. This "offshore dollar" ecosystem is vital for countries and individuals seeking to hedge against the devaluation and instability of their local currencies.
Preston suggests that as US inflation erodes the value of the dollar, people worldwide will increasingly prefer Bitcoin—a hard limited supply asset—to preserve wealth, especially as stablecoins and the Eurodollar system serve as bridges between traditional finance and emerging blockchain assets.