# Eurodollar on The No Agenda Show

Eurodollar comes up in 3 chapters across 3 episodes of The No Agenda Show, from May 2025 to August 2026.

- **Chapters:** 3
- **Episodes:** 3
- **Discussed:** May 2025 – August 2026
- **Related topics:** [Stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [Tether](https://search.noagendashow.net/topic/tether.md), [Cantor Fitzgerald](https://search.noagendashow.net/topic/cantor-fitzgerald.md), [Emerging Markets](https://search.noagendashow.net/topic/emerging-markets.md), [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Scott Bessent](https://search.noagendashow.net/topic/scott-bessent.md), [Treasury](https://search.noagendashow.net/topic/treasury.md), [Treasury Bills](https://search.noagendashow.net/topic/treasury-bills.md)

## Chapters 1–3 of 3

### Mar-a-Lago Accords, Stablecoin Reserve Gambit

- **Episode:** [1897: Caconian](https://search.noagendashow.net/episode/1897-caconian.md)
- **Published:** 2026-08-23
- **Time:** 1:22:26–1:26:20
- **Transcript:** https://search.noagendashow.net/episode/1897-caconian/chapter/mar-a-lago-accords-stablecoin-reserve-gambit.md

The "Mar-a-Lago Accords" involve a strategy to use stablecoins as a primary vehicle for exporting U.S. debt. Stablecoins like Tether (USDT) and Circle (USDC) are backed by short-term Treasury bills, creating a new global demand for the dollar. The hosts explain that this system allows the U.S. to maintain its status as the ultimate reserve currency by tokenizing its debt for international users.

Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [tether](https://search.noagendashow.net/topic/tether.md), circle, t-bills, [eurodollar](https://search.noagendashow.net/topic/eurodollar.md)

### Stablecoin Gambit, Eurodollar Market, Scott Bessent Strategy

- **Episode:** [1792: Meloni in the Middle](https://search.noagendashow.net/episode/1792-meloni-in-the-middle.md)
- **Published:** 2025-08-21
- **Time:** 1:27:36–1:32:19
- **Transcript:** https://search.noagendashow.net/episode/1792-meloni-in-the-middle/chapter/stablecoin-gambit-eurodollar-market-scott-bessent-strategy.md

Scott Bessent is theorized to be planning a "stablecoin gambit" to gain control over the $13 trillion Eurodollar market. By backing stablecoins with short-term U.S. Treasury bills and offering government guarantees, the Treasury could bypass the Federal Reserve's control over interest rates. This move would force offshore dollar holders into a regulated U.S. system, providing a massive new funding source for the government.

Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [eurodollar](https://search.noagendashow.net/topic/eurodollar.md), [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [treasury bills](https://search.noagendashow.net/topic/treasury-bills.md)

### Eurodollars, Tether, and the Global Stablecoin Market

- **Episode:** [1760: Mercenary Spyware](https://search.noagendashow.net/episode/1760-mercenary-spyware.md)
- **Published:** 2025-05-01
- **Time:** 2:30:40–2:34:43
- **Transcript:** https://search.noagendashow.net/episode/1760-mercenary-spyware/chapter/eurodollars-tether-and-the-global-stablecoin-market.md

The "Eurodollar" market—U.S. dollars held in banks outside the United States—is being transformed by stablecoins like Tether, which are backed by U.S. Treasuries. Tether has gained 400 million users globally, particularly in emerging markets where people prefer the stability of a digital dollar over local currencies. Cantor Fitzgerald, led by Howard Lutnick, manages the Treasury holdings for Tether, effectively recycling global capital back into the U.S. financial system.

Keywords: [eurodollar](https://search.noagendashow.net/topic/eurodollar.md), [tether](https://search.noagendashow.net/topic/tether.md), caitlin long, [cantor fitzgerald](https://search.noagendashow.net/topic/cantor-fitzgerald.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [emerging markets](https://search.noagendashow.net/topic/emerging-markets.md)

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