Brent Johnson: Stablecoins Drive 'Redollarization,' Not De-Dollarization
- —Johnson says stablecoins lead to 're-dollarization,' not de-dollarization
- —10-year Treasury yields near 5% squeeze dollar-debt borrowers worldwide
- —Crisis gauges calm: credit spreads low, VIX below 15
- —Johnson sees bitcoin potentially reaching $1M if fiat issuance continues
Why it matters: The view supports the case that stablecoin growth boosts demand for the dollar and US Treasuries rather than undermining them.
Source: TokenPost