More than 90%. That's the share of stablecoins backed by the US dollar. Now the US Treasury Secretary says crypto can be America's next tool for keeping the dollar on TOP. Scott Bessent said it at Ripple's Swell conference in New York, on stage with CEO Brad Garlinghouse. BEFORE: the dollar's power came from America's MILITARY umbrella. NOW: "more and more it's becoming a technology umbrella." AI, chips and crypto: one race with China. NEXT: Congress failed to pass the Clarity Act. Bessent says SEC and CFTC action could help fill that gap and curb crypto DEBANKING. His words: "we are going to win in the digital asset stack, and that's gonna continue to fortify the dollar." Here's the part nobody prices in. Stablecoin issuers often hold US government debt as reserves. Bessent says stablecoins could become an important funding source for the Treasury. A saver in an emerging market who runs from a weak currency into a dollar stablecoin ends up helping fund Washington. Bessent called the Clarity Act's failure disappointing. His plan B runs through two agencies, not Congress. Follow me. When the SEC or CFTC moves on crypto rules or debanking, I'll explain what it means for your coins and your bank.