According to @Andre_Dragosch, a new Deutsche Bank report finds that as stablecoins scale in cross-border payments, they will reinforce rather than erode U.S. dollar dominance by entrenching dollar-based payment rails, invoicing, and savings, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report. USD stablecoins already comprise over 98% of total stablecoin market capitalization, highlighting a significant liquidity moat for USDT and USDC that can concentrate trading volumes in USD pairs across crypto markets, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report. The report flags the euro as at risk of being crowded out unless Europe rapidly advances EUR stablecoins and payment infrastructure, while GBP and JPY are less central given their smaller roles in global invoicing and emerging market dollarization, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report. Fragile EM currencies such as the Turkish lira and Argentine peso face heightened capital flight and store-of-value substitution into USD stablecoins, which can shift liquidity and pressure local yields and FX, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report. Trading implications include prioritizing USD liquidity proxies like USDT and USDC on-chain flows, monitoring EUR stablecoin developments and payments rail build-out, and assessing EM FX with weak trust for spillovers into USD-stablecoin demand, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report. The TLDR is stronger USD concentration and potential global capital consolidation into fewer major currencies, which can further centralize crypto market liquidity around USD-stablecoin pairs, source: @Andre_Dragosch on X, Sep 16, 2025, summarizing Deutsche Bank report.

According to @KookCapitalLLC, traders should note two significant developments impacting the cryptocurrency market. First, Elon Musk's plan to form a new pro-tech political party, the 'America Party', which would embrace Bitcoin (BTC) because 'fiat is hopeless', signals a potential long-term bullish driver for cryptocurrency adoption in the United States. Second, the analysis points to a growing trend of de-dollarization, citing the US dollar's fall to a three-year low against major currencies under the Trump administration. This, combined with the European Union's favorable MiCA crypto regulations, is creating a major opportunity for EUR-pegged stablecoins to challenge the market dominance of USD-pegged stablecoins. The author predicts that by 2028, the end of the current presidential term, EUR-pegged stablecoins will have significantly increased in number and market share, capitalizing on global diversification away from the dollar.