THE TWO-STABLECOIN FUTURE

Summary from the TLDR Crypto newsletter

Every fiat currency will eventually have two stablecoins. One is a “spending” version for daily commerce, and the other, a “savings” version backed by tokenized government bonds. This dual model will mirror power laws in FX, where most coins never rival USDT or USDC but still enable frictionless participation in local economies. Governments will back the shift to prevent dollarization, while onchain currencies will cut out FX middlemen, keeping more value with workers and businesses.