# EP66_The Dollar's New Layer, Stablecoins, Treasuries & American Power with Nik Bhatia

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Text version: https://stenobird.com/podcast/navigating-bitcoin-s-noise-4356332/ep66-the-dollar-s-new-layer-stablecoins-treasuries-american-power-with-nik-bhatia.md
Podcast: [Navigating Bitcoin's Noise](https://stenobird.com/podcast/navigating-bitcoin-s-noise-4356332)
Published: 2026-06-02T10:53:02+00:00
Episode link: https://www.spreaker.com/episode/ep66-the-dollar-s-new-layer-stablecoins-treasuries-american-power-with-nik-bhatia--72294095
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/72294095/ep66_the_dollar_s_new_layer_stablecoins_treasuries_american_power.mp3
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Duration seconds: 3373

## Resource

Welcome to Navigating Bitcoin's Noise, the show where we cut through the clutter and bring you the clearest insights on Bitcoin. I'm your host, Kane McGukin, and today I'm joined by Nik Bhatia, author of Layered Money and visiting fellow at the Bitcoin Policy Institute. In this conversation, we break down Nik's landmark paper on stablecoins and statecraft and why the GENIUS Act may be one of the most strategically important pieces of legislation in decades. We get into how the Eurodollar system quietly exported dollar governance offshore, how stablecoins are designed to bring it back, and why the end of China's deflationary unsystem is forcing America's hand. We ask the question that matters: are stablecoins just a fintech product, or are they America's most powerful tool for our next money layer? If you're tired of hype and want a first-principles breakdown of how dollar dominance actually works, and what the U.S. is building to protect it, this episode is for you. So sit back, relax, and let's get started. Kane McGukin X: https://twitter.com/kanemcgukin Substack: kanemcgukin.substack.com Nik Bhatia X: https://x.com/timevalueofbtc The Bitcoin Layer: https://thebitcoinlayer.com/ Bitcoin Policy Institute: https://www.btcpolicy.org/authors/nik-bhatia Paper: https://www.btcpolicy.org/articles/stablecoins-as-statecraft-reclaiming-us-financial-sovereignty-in-the-eurodollar-market

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