Sam Lyman Says Stablecoins Could Broaden Dollar Access and Treasury Demand

Sam Lyman argued that dollar stablecoins could broaden access to the U.S. currency and support demand for Treasury debt, while also offering users a possible route to Bitcoin.

Lyman said people with an internet connection can use dollar stablecoins to access the U.S. currency. He described the tokens as a way to extend the dollar’s reach beyond traditional access points.

He said buyers of stablecoins backed by U.S. Treasuries are effectively buying Treasury securities, which could support demand for U.S. debt. Estimates he cited suggest the U.S. stablecoin market could exceed $3 trillion by the end of the decade. Lyman characterized that potential scale as $3 trillion in new demand for U.S. debt.

Lyman also described stablecoins as a possible entry point to Bitcoin and argued that the arrangement could benefit the United States, stablecoin users and Bitcoin over the long term.