# Can Stablecoins Save the US Dollar—or Just Delay Its Collapse?
**Source:** https://internationalman.com/articles/can-stablecoins-save-the-us-dollar-or-just-delay-its-collapse/
## Summary
• Tether is the most profitable company per employee in history, generating $83 million in profit per employee ($13.7 billion profit with 165 employees), surpassing all other companies including NVIDIA
• USDt (Tether) is the world's largest stablecoin with over $162 billion market cap, providing instant global access to digital US dollars through smartphones, especially popular in countries with rapidly devaluing currencies like Argentina, Venezuela, and Turkey
• Tether has over 400 million users globally, adding 30 million quarterly, and already settles more value than Visa, functioning as a US dollar checking account without needing a US bank
• The company generates revenue by investing reserves in short-term US Treasury securities while paying no interest to USDt holders, becoming the world's 7th largest buyer of US Treasuries, surpassing countries like Canada and Germany
• Tether partnered with Cantor Fitzgerald (a Federal Reserve Primary Dealer) to handle massive redemptions, successfully surviving a 2022 attack where it redeemed $20 billion in 25 days without failing
• While Tether creates significant new demand for US Treasuries and extends the dollar's dominance, it cannot fundamentally alter the dollar's trajectory toward debasement due to unstoppable government spending requiring $9 trillion annually
• Stablecoins like Tether function as a "retail eurodollar" for the digital age, providing offshore dollar access outside the US banking system, but ultimately only delay rather than prevent the dollar's structural decline
## Key Information
### Extracted Entities
**Keyword:** bank, billions, cantor, dollar, dollars, market, profit, tether, treasuries, usdt
**Location:** Argentina, British Virgin Islands, Canada, El Salvador, Europe, Germany, Saudi Arabia, Switzerland, Turkey, US, United States, Venezuela
**Organization:** Argentines, Bank for International Settlements, Cantor Fitzgerald, Commerce, Fed, Federal Reserve Bank of New York, IMF, NVIDIA, Stablecoins, Treasury, US Treasury
**Person:** Howard Lutnick, Paolo Ardoino, Tether, Trump
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*Shared from Contexst on Jul 31, 2025 at 18:55*
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