# Stablecoins on The No Agenda Show

Stablecoins comes up in 64 chapters across 57 episodes of The No Agenda Show, from June 2019 to October 2026.

- **Chapters:** 64
- **Episodes:** 57
- **Discussed:** June 2019 – October 2026
- **Related topics:** [Bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [Tether](https://search.noagendashow.net/topic/tether.md), [Federal Reserve](https://search.noagendashow.net/topic/federal-reserve.md), [Blockchain](https://search.noagendashow.net/topic/blockchain.md), [Crypto](https://search.noagendashow.net/topic/crypto.md), [Genius Act](https://search.noagendashow.net/topic/genius-act.md), [Swift](https://search.noagendashow.net/topic/swift.md), [Banking](https://search.noagendashow.net/topic/banking.md), [Cbdc](https://search.noagendashow.net/topic/cbdc.md), [Christine Lagarde](https://search.noagendashow.net/topic/christine-lagarde.md)

## Chapters 1–20 of 64

### Civic Chain Startup and Government Transparency

- **Episode:** [1915: Off The Rails](https://search.noagendashow.net/episode/1915-off-the-rails.md)
- **Published:** 2026-10-25
- **Time:** 2:41:35–2:45:08
- **Transcript:** https://search.noagendashow.net/episode/1915-off-the-rails/chapter/civic-chain-startup-and-government-transparency.md

A significant donation from an anonymous producer introduces "Civic Chain," a startup aimed at creating a transparent public ledger for government contract procurement. The system uses blockchain technology to allow citizens to track every penny of public spending, from road repairs to diesel fuel, in real-time. The project also utilizes "Genius Act" stablecoins to offer new revenue streams for local governments.

Keywords: civic chain, [blockchain](https://search.noagendashow.net/topic/blockchain.md), [government contracts](https://search.noagendashow.net/topic/government-contracts.md), [transparency](https://search.noagendashow.net/topic/transparency.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md)

### Bitcoin as a Global Settlement Layer and Reserve Currency

- **Episode:** [1905: Nerdballs](https://search.noagendashow.net/episode/1905-nerdballs.md)
- **Published:** 2026-09-20
- **Time:** 1:45:19–1:51:45
- **Transcript:** https://search.noagendashow.net/episode/1905-nerdballs/chapter/bitcoin-as-a-global-settlement-layer-and-reserve-currency.md

Adam Curry predicts Bitcoin will reach $430,000 within 24 months and eventually serve as the world's reserve currency. Jason Calacanis discusses the utility of stablecoins for people in unstable economies who want access to dollars. They highlight the efficiency of using Bitcoin for international transfers, bypassing the delays and fees of traditional banking systems like SWIFT and JP Morgan Chase.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [jeffrey epstein](https://search.noagendashow.net/topic/jeffrey-epstein.md), [jp morgan chase](https://search.noagendashow.net/topic/jp-morgan-chase.md), [capital gains](https://search.noagendashow.net/topic/capital-gains.md), [swift](https://search.noagendashow.net/topic/swift.md)

### Federal Reserve Interest Rates and Stablecoin Speculation

- **Episode:** [1904: Junkie Communism](https://search.noagendashow.net/episode/1904-junkie-communism.md)
- **Published:** 2026-09-17
- **Time:** 1:30:01–1:33:29
- **Transcript:** https://search.noagendashow.net/episode/1904-junkie-communism/chapter/federal-reserve-interest-rates-and-stablecoin-speculation.md

Trump criticizes the Federal Reserve for keeping interest rates too high and suggests a "swipe of a pen" could resolve deficits. Speculation follows that the proposed $5,000 dividend might be issued as a government-backed stablecoin to ensure the money is spent within the United States.

Keywords: [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [trump](https://search.noagendashow.net/topic/trump.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [ppp loans](https://search.noagendashow.net/topic/ppp-loans.md)

### AI Sovereignty and the Rise of Local Open Source Models

- **Episode:** [1899: Asymmetric Intimacy](https://search.noagendashow.net/episode/1899-asymmetric-intimacy.md)
- **Published:** 2026-08-30
- **Time:** 38:26–45:37
- **Transcript:** https://search.noagendashow.net/episode/1899-asymmetric-intimacy/chapter/ai-sovereignty-and-the-rise-of-local-open-source-models.md

Jason Calacanis argues for "AI sovereignty," urging users to run open-source models locally to avoid data harvesting by companies like OpenAI and Anthropic. He highlights the shift toward Vertical Small Language Models (VSLMs) that can run on consumer hardware like Mac Studios. The conversation also covers the financial intersection of AI and crypto, specifically how stablecoins like Tether and Circle are being used to back U.S. Treasuries.

Keywords: [nvidia](https://search.noagendashow.net/topic/nvidia.md), [open source ai](https://search.noagendashow.net/topic/open-source-ai.md), [anthropic](https://search.noagendashow.net/topic/anthropic.md), [sam altman](https://search.noagendashow.net/topic/sam-altman.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [tether](https://search.noagendashow.net/topic/tether.md), [11 labs](https://search.noagendashow.net/topic/11-labs.md)

### 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)

### Strategic Bitcoin Reserve and The Genius Act

- **Episode:** [1896: Just Dew It](https://search.noagendashow.net/episode/1896-just-dew-it.md)
- **Published:** 2026-08-20
- **Time:** 1:00:48–1:06:09
- **Transcript:** https://search.noagendashow.net/episode/1896-just-dew-it/chapter/strategic-bitcoin-reserve-and-the-genius-act.md

President Trump announced the firing of SEC Chair Gary Gensler and the establishment of a United States Strategic Bitcoin Reserve. The administration also passed "The Genius Act," which facilitates the widespread adoption of dollar-backed stablecoins and the tokenization of equities on the blockchain. Financial analysts suggest these moves could drive Bitcoin prices toward $180,000 as the U.S. dollar maintains its status as the global reserve currency through digital assets.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [gary gensler](https://search.noagendashow.net/topic/gary-gensler.md), [genius act](https://search.noagendashow.net/topic/genius-act.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [sec](https://search.noagendashow.net/topic/sec.md), [blockchain](https://search.noagendashow.net/topic/blockchain.md)

### X Financial Services, Stablecoin Clarity Act

- **Episode:** [1886: Cytoshitosis](https://search.noagendashow.net/episode/1886-cytoshitosis.md)
- **Published:** 2026-07-16
- **Time:** 1:52:37–1:55:17
- **Transcript:** https://search.noagendashow.net/episode/1886-cytoshitosis/chapter/x-financial-services-stablecoin-clarity-act.md

Elon Musk's X is reportedly moving into financial services, with plans for an integrated wallet offering interest on deposits. This development coincides with legislative efforts like the Clarity Act, championed by Senator Cynthia Lummis, which seeks to establish regulatory frameworks for stablecoins and interest-bearing digital assets.

Keywords: [xai](https://search.noagendashow.net/topic/xai.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [clarity act](https://search.noagendashow.net/topic/clarity-act.md), [fintech](https://search.noagendashow.net/topic/fintech.md), [banking](https://search.noagendashow.net/topic/banking.md), senator lummis

### Stablecoins, Treasury Auctions and Currency Dominance

- **Episode:** [1882: Buy the Crash](https://search.noagendashow.net/episode/1882-buy-the-crash.md)
- **Published:** 2026-07-02
- **Time:** 1:25:47–1:28:07
- **Transcript:** https://search.noagendashow.net/episode/1882-buy-the-crash/chapter/stablecoins-treasury-auctions-and-currency-dominance.md

The discussion explores the mechanics of stablecoins and their potential benefit to the U.S. Treasury. By requiring stablecoin issuers to purchase Treasury bonds, the technology could expand dollar dominance globally. The hosts discuss the "Clarity Act" currently in Congress, which addresses whether stablecoin issuers should be regulated as banks.

Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [treasury](https://search.noagendashow.net/topic/treasury.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [clarity act](https://search.noagendashow.net/topic/clarity-act.md), [tether](https://search.noagendashow.net/topic/tether.md), digital tokens

### Iran Crypto Sanction Evasion, Bitcoin Insurance, Oil Prices

- **Episode:** [1871: Hatman](https://search.noagendashow.net/episode/1871-hatman.md)
- **Published:** 2026-05-24
- **Time:** 25:50–30:25
- **Transcript:** https://search.noagendashow.net/episode/1871-hatman/chapter/iran-crypto-sanction-evasion-bitcoin-insurance-oil-prices.md

The U.S. Treasury Department reports freezing nearly $500 million in cryptocurrency linked to the Iranian regime to sever military financial lifelines. Iran is allegedly launching a digital insurance platform for cargo ships that accepts Bitcoin to bypass international banking sanctions. Market analysts observe that while regional tensions are flaring, the price of crude oil has fluctuated as the narrative of a potential deal develops.

Keywords: [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [cryptocurrency](https://search.noagendashow.net/topic/cryptocurrency.md), [u.s. treasury](https://search.noagendashow.net/topic/u-s-treasury.md), [sanctions](https://search.noagendashow.net/topic/sanctions.md), [crude oil](https://search.noagendashow.net/topic/crude-oil.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md)

### Pakistan Adopts USD1 Stablecoin for Cross-Border Payments

- **Episode:** [1860: micro-dosing](https://search.noagendashow.net/episode/1860-micro-dosing.md)
- **Published:** 2026-04-16
- **Time:** 23:36–26:53
- **Transcript:** https://search.noagendashow.net/episode/1860-micro-dosing/chapter/pakistan-adopts-usd1-stablecoin-for-cross-border-payments.md

Pakistan has signed an agreement with World Liberty Financial to explore using the dollar-pegged stablecoin USD1 for international remittances and payments. The partnership involves Pakistan's central bank integrating the digital token into its regulated payment system to reduce cash usage. This move aligns with more crypto-friendly policies introduced under the Trump administration.

Keywords: [pakistan](https://search.noagendashow.net/topic/pakistan.md), usd1, [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [world liberty financial](https://search.noagendashow.net/topic/world-liberty-financial.md), remittances

### Gaza Reconstruction, Stablecoins, Scott Bessent Strategy

- **Episode:** [1858: Nut Spread](https://search.noagendashow.net/episode/1858-nut-spread.md)
- **Published:** 2026-04-09
- **Time:** 39:29–45:50
- **Transcript:** https://search.noagendashow.net/episode/1858-nut-spread/chapter/gaza-reconstruction-stablecoins-scott-bessent-strategy.md

The Trump administration is reportedly planning a "rubbilization" and reconstruction strategy for Gaza, managed by the World Bank and special envoys Steve Witkoff and Jared Kushner. A key component of this plan involves the implementation of a geofenced stablecoin monetary system to ensure oil continues to be traded in dollars. Treasury Secretary Scott Bessent is credited with a "maximum pressure" strategy that created a dollar shortage in Iran, leading to bank failures and currency collapse.

Keywords: [gaza](https://search.noagendashow.net/topic/gaza.md), [world bank](https://search.noagendashow.net/topic/world-bank.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [petrodollar](https://search.noagendashow.net/topic/petrodollar.md), [treasury](https://search.noagendashow.net/topic/treasury.md)

### Agricultural Economics, Stablecoin Remittances, Food Inflation

- **Episode:** [1858: Nut Spread](https://search.noagendashow.net/episode/1858-nut-spread.md)
- **Published:** 2026-04-09
- **Time:** 1:19:10–1:22:54
- **Transcript:** https://search.noagendashow.net/episode/1858-nut-spread/chapter/agricultural-economics-stablecoin-remittances-food-inflation.md

The revamped H-2A program allows workers to remain in the U.S. legally without access to Social Security or Medicaid, with the expectation that they use stablecoins for remittances. Proponents argue this system will combat food inflation and help American farms compete with rising food imports. The hosts suggest this "traditional Republican" approach provides cheap labor for the farming and hospitality sectors while empowering local farmers to "vouch" for their workers.

Keywords: [social security](https://search.noagendashow.net/topic/social-security.md), [medicaid](https://search.noagendashow.net/topic/medicaid.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [inflation](https://search.noagendashow.net/topic/inflation.md), food imports

### Strategic Theories on Iranian Enriched Uranium Recovery

- **Episode:** [1857: Teen Takeover](https://search.noagendashow.net/episode/1857-teen-takeover.md)
- **Published:** 2026-04-05
- **Time:** 17:37–19:06
- **Transcript:** https://search.noagendashow.net/episode/1857-teen-takeover/chapter/strategic-theories-on-iranian-enriched-uranium-recovery.md

Discussion turns to the possibility of U.S. troops attempting to seize enriched uranium from Iran, though the logistics of excavating buried material make it impractical. Meanwhile, Iran has proposed a one-dollar-per-barrel toll for tankers in the Strait of Hormuz, payable in Chinese Yuan or stablecoins.

Keywords: enriched uranium, [neocon](https://search.noagendashow.net/topic/neocon.md), [strait of hormuz](https://search.noagendashow.net/topic/strait-of-hormuz.md), [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), [chinese yuan](https://search.noagendashow.net/topic/chinese-yuan.md), [energy crisis](https://search.noagendashow.net/topic/energy-crisis.md)

### Global Donor Roll, F-Cancer Prayer

- **Episode:** [1856: CIS Lunar](https://search.noagendashow.net/episode/1856-cis-lunar.md)
- **Published:** 2026-04-02
- **Time:** 2:19:03–2:24:19
- **Transcript:** https://search.noagendashow.net/episode/1856-cis-lunar/chapter/global-donor-roll-f-cancer-prayer.md

Donations arrived from a global audience, including listeners in the Netherlands, the UK, and Denmark. A special "F-Cancer" prayer was requested for a producer's mother entering hospice in Copenhagen. The show concluded its financial segment by reminding listeners that they can contribute via Bitcoin, Circle stablecoin, or traditional methods at the show's donation website.

Keywords: [netherlands](https://search.noagendashow.net/topic/netherlands.md), [copenhagen](https://search.noagendashow.net/topic/copenhagen.md), [hospice](https://search.noagendashow.net/topic/hospice.md), [f-cancer](https://search.noagendashow.net/topic/f-cancer.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md)

### Stablecoins, World Reserve Currency, Human War Instinct

- **Episode:** [1852: Jell-No!](https://search.noagendashow.net/episode/1852-jell-no.md)
- **Published:** 2026-03-19
- **Time:** 58:46–1:00:34
- **Transcript:** https://search.noagendashow.net/episode/1852-jell-no/chapter/stablecoins-world-reserve-currency-human-war-instinct.md

The discussion shifts to the necessity of transitioning the monetary system to stablecoins backed by U.S. Treasuries to maintain the dollar's status as the world reserve currency. Adam Curry and Mimi Smith Dvorak reflect on the nature of humanity as a "warring species," suggesting that conflict is an inherent part of human culture and tribalism.

Keywords: [stablecoins](https://search.noagendashow.net/topic/stablecoins.md), world reserve currency, [treasuries](https://search.noagendashow.net/topic/treasuries.md), [warfare](https://search.noagendashow.net/topic/warfare.md), [anthropology](https://search.noagendashow.net/topic/anthropology.md)

### Russian Sanctions Easing and Stablecoin Strategy

- **Episode:** [1851: Mork & Mimi](https://search.noagendashow.net/episode/1851-mork-mimi.md)
- **Published:** 2026-03-15
- **Time:** 23:48–26:21
- **Transcript:** https://search.noagendashow.net/episode/1851-mork-mimi/chapter/russian-sanctions-easing-and-stablecoin-strategy.md

The US Treasury Department has temporarily eased sanctions on Russian oil to lower domestic gas prices, a move criticized by Senator Adam Schiff as rewarding an adversary. The discussion suggests a deeper strategy involving the use of US Treasury-backed stablecoins for international oil trades. This digital dollar approach is framed as a way to maintain the petrodollar's influence despite geopolitical instability.

Keywords: [adam schiff](https://search.noagendashow.net/topic/adam-schiff.md), [russia](https://search.noagendashow.net/topic/russia.md), [sanctions](https://search.noagendashow.net/topic/sanctions.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), us treasuries, [shopify](https://search.noagendashow.net/topic/shopify.md)

### Stablecoins, Central Bank Digital Currencies, Trump Brothers

- **Episode:** [1845: Slave Slab](https://search.noagendashow.net/episode/1845-slave-slab.md)
- **Published:** 2026-02-22
- **Time:** 1:22:03–1:27:37
- **Transcript:** https://search.noagendashow.net/episode/1845-slave-slab/chapter/stablecoins-central-bank-digital-currencies-trump-brothers.md

Eric Trump discusses "World Liberty Financial," a new venture focused on stablecoins backed by U.S. Treasuries rather than volatile cryptocurrencies like Bitcoin. The discussion clarifies the difference between private stablecoins and Central Bank Digital Currencies (CBDCs), noting that stablecoins could extend the U.S. dollar's dominance as a global reserve currency. Critics warn that all digital currencies remain trackable and subject to government control.

Keywords: [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [cbdc](https://search.noagendashow.net/topic/cbdc.md), [eric trump](https://search.noagendashow.net/topic/eric-trump.md), [world liberty financial](https://search.noagendashow.net/topic/world-liberty-financial.md), [federal reserve](https://search.noagendashow.net/topic/federal-reserve.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md)

### Iran Stablecoin Usage and US Banking Software Shift

- **Episode:** [1835: Greenland Gambit](https://search.noagendashow.net/episode/1835-greenland-gambit.md)
- **Published:** 2026-01-18
- **Time:** 2:32:03–2:37:57
- **Transcript:** https://search.noagendashow.net/episode/1835-greenland-gambit/chapter/iran-stablecoin-usage-and-us-banking-software-shift.md

The Iranian government claims to have evidence of foreign interference in local protests, alleging that rioters were paid in tomans to attack police stations. Meanwhile, data shows a surge in stablecoin usage in Iran and Venezuela as citizens seek to escape hyperinflation. A banking software insider reports that major US providers are rolling out stablecoin features to replace services like Zelle for moving money between institutions.

Keywords: [iran](https://search.noagendashow.net/topic/iran.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [bitcoin](https://search.noagendashow.net/topic/bitcoin.md), [zelle](https://search.noagendashow.net/topic/zelle.md), [banking](https://search.noagendashow.net/topic/banking.md), [inflation](https://search.noagendashow.net/topic/inflation.md)

### Stablecoin Gambit and Global Financial System Attack

- **Episode:** [1834: Swarm Forge](https://search.noagendashow.net/episode/1834-swarm-forge.md)
- **Published:** 2026-01-15
- **Time:** 1:50:46–1:58:44
- **Transcript:** https://search.noagendashow.net/episode/1834-swarm-forge/chapter/stablecoin-gambit-and-global-financial-system-attack.md

A theory is proposed that the Trump administration, led by Scott Bessent, aims to neutralize the central banking system using a "stablecoin gambit" to replace the SWIFT settlement system. This is linked to Trump's proposal to cap credit card interest rates at 10%, which could severely disrupt the traditional banking business model. Shopify's adoption of stablecoin for checkouts is cited as evidence of this shift.

Keywords: [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [swift](https://search.noagendashow.net/topic/swift.md), [shopify](https://search.noagendashow.net/topic/shopify.md), [thomas massie](https://search.noagendashow.net/topic/thomas-massie.md), credit card caps

### USDC Stablecoin Pilot, Venezuelan Digital Currency Airdrop Potential

- **Episode:** [1831: Donroe Doctrine](https://search.noagendashow.net/episode/1831-donroe-doctrine.md)
- **Published:** 2026-01-04
- **Time:** 15:07–17:36
- **Transcript:** https://search.noagendashow.net/episode/1831-donroe-doctrine/chapter/usdc-stablecoin-pilot-venezuelan-digital-currency-airdrop-potential.md

The U.S. Treasury and State Department previously conducted a pilot program using USDC stablecoins to bypass the Maduro regime and pay Venezuelan healthcare workers. With the Bolivar suffering from extreme inflation, there is speculation that the U.S. may launch a large-scale digital token airdrop or stablecoin gambit to stabilize the Venezuelan economy. The infrastructure for digital wallets is reportedly already in place for thousands of citizens.

Keywords: [usdc](https://search.noagendashow.net/topic/usdc.md), [stablecoin](https://search.noagendashow.net/topic/stablecoin.md), [treasury department](https://search.noagendashow.net/topic/treasury-department.md), digital wallet, [venezuela](https://search.noagendashow.net/topic/venezuela.md)

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