David Sacks: The Digital Dollar Will Extend the Dominance of the U.S. Dollar Online

EXCERPT:

SACKS: "There’s actually a stablecoin bill going through the Senate right now, which is going to pass, we just got bipartisan support, and that means digital dollars possible. It uses blockchain infrastructure, the crypto infrastructure, but the unit of currency is actually just a good old-fashioned U.S. Dollar. So it’s not just about Bitcoin, although that is the most important cryptocurrency. With stablecoins we will now have digital dollars, and this will extend the dominance of the U.S. Dollar online. It’s going to create trillions of dollars of demand for our Treasury, for our T-bills. So this is not just about crypto, it's also about blockchain, it's about a new financial system that is more efficient, it's cheaper, smoother, easier for people to use. It’s about building the future."