Drake Evans thinks stablecoins will replace local foreign currencies and grow into a $10T market
"I think it's all money. Foreign currencies are at almost more risk than eurodollars, because eurodollars means you have access to dollars offshore in some capacity. But what's really interesting is the fact that I think stablecoins will replace local foreign currencies. That's one of the trends we're going to see in the next little bit, governments being like, wait a minute, I'm losing my sovereignty because I no longer have a central bank that can actually function because everyone's just adopting stablecoins and what's interesting is there's not a lot they can do about it. You can ban the apps, you can do this, but at the end of the day, the internet's the internet."
"It's how big is all money globally? That to me is where the stablecoin opportunity is. So I don't know, $10 trillion in 2028? Who knows?"