Bitcoin MagazineCaitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for BitcoinWill tokenized bank deposits crowd out stablecoins? Caitlin Long, founder and CEO of Custodia Bank, says stablecoins are about $300 billion against roughly $5.7 trillion in traditional demand deposits, and that bringing tokenization into the banking system could be the bigger story. She also explains why the Treasury wants tokenized dollars and what the Fed is doing about it.Chapters:0:00 Fiscal Dominance and “Nothing Stops This Train”: Intro to Caitlin Long1:53 Why Washington Is Pushing Tokenized Dollars and Where the Fed Stands3:28 Tether, New Treasury Demand, and the GENIUS Act Rules7:14 Community Banks vs. Megabanks: The Deposit Flight Debate13:03 SVB, AI Agents, and a Banking Model Under Pressure16:26 The Eurodollar Parallel and the Fed’s Reluctance19:29 Tokenized Deposits vs. Stablecoins, and Tokenized Equities26:50 Treasury Market Stress, Fed Hikes, and the AI Debt Question30:24 Bitcoin as Digital Gold: Retail Ownership and Holding Long Term35:25 Treasury Buybacks, Lessons From Volcker, and Life After the Clarity ActDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.This post Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green.