Stablecoins could help the US keep its financial edge and lower global transaction fees, according to SkyBridge Capital founder Anthony Scaramucci. During an interview with CNBC this week, he said these dollar-pegged digital tokens aren’t just a crypto tool—they might be a way to boost the demand for US Treasuries and cut down on $7 trillion worth of annual global transaction costs.
He also mentioned that upcoming rules could push stablecoin issuers to hold even more reserves in Treasuries. That would only deepen their connection to the US financial system.
Scaramucci gave a practical example during his interview. He pointed to New York’s Hunt and Fish Club, where he believes stablecoins could replace credit cards. By doing that, businesses could skip the 2-3% fees charged by payment processors like Visa or Mastercard.
He says this isn’t just a tech upgrade. It’s a way to make payments cheaper and faster for everyday purchases. Wire transfers and card payments rack up billions in fees each year, so stablecoins could be a cheaper option for many people around the world.
This new push for stablecoins is also seen as a way to keep the dollar dominant in global finance. As countries test out their own digital currencies, the US is backing a different approach—letting private companies issue tokens backed by real dollars.
With regulation finally gaining traction, stablecoins might soon play a bigger role not just in crypto, but in the larger financial system.
Featured image from Unsplash, chart from TradingView
