I believe the US Treasury will soon issue a new type of dollar-backed stablecoin—similar to Tether's USDT but fully regulated in the US—as a new form of currency that will exist alongside the current Federal Reserve Note.

This new "Treasury Reserve Note" would be backed by a basket of real commodities, including gold, oil, real estate, and Bitcoin.

It would trade at a significant premium, with an exchange rate of roughly 500 current Federal Reserve dollars to 1 new US Treasury Reserve Note.