{"id":52597,"date":"2026-10-05T20:54:41","date_gmt":"2026-10-05T20:54:41","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=52597"},"modified":"2026-10-05T20:54:41","modified_gmt":"2026-10-05T20:54:41","slug":"caitlin-long-fiscal-dominance-stablecoins-the-macro-case-for-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=52597","title":{"rendered":"Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/10\/Caitlin-Long-Fiscal-Dominance-Stablecoins-the-Macro-Case-for-Bitcoin-.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/videos\/caitlin-long-fiscal-dominance-stablecoins-the-macro-case-for-bitcoin\">Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Will 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.<\/p>\n<p class=\"wp-block-paragraph\">Chapters:<br \/>0:00 Fiscal Dominance and \u201cNothing Stops This Train\u201d: Intro to Caitlin Long<br \/>1:53 Why Washington Is Pushing Tokenized Dollars and Where the Fed Stands<br \/>3:28 Tether, New Treasury Demand, and the GENIUS Act Rules<br \/>7:14 Community Banks vs. Megabanks: The Deposit Flight Debate<br \/>13:03 SVB, AI Agents, and a Banking Model Under Pressure<br \/>16:26 The Eurodollar Parallel and the Fed\u2019s Reluctance<br \/>19:29 Tokenized Deposits vs. Stablecoins, and Tokenized Equities<br \/>26:50 Treasury Market Stress, Fed Hikes, and the AI Debt Question<br \/>30:24 Bitcoin as Digital Gold: Retail Ownership and Holding Long Term<br \/>35:25 Treasury Buybacks, Lessons From Volcker, and Life After the Clarity Act<\/p>\n<p class=\"wp-block-paragraph\">DISCLAIMER: 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.<\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/videos\/caitlin-long-fiscal-dominance-stablecoins-the-macro-case-for-bitcoin\">Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/patrickgreen\">Patrick Green<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin Will 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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52598,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-52597","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=52597\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Caitlin Long: Fiscal Dominance, Stablecoins &amp; the Macro Case for Bitcoin Will 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. 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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. 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