Circle’s IPO & The Silent Reinvention of the U.S. Dollar

In 1994, the world agreed that the U.S. dollar would be the primary currency for global trade. In 2024, stablecoins are doing the same, but in code.Circle’s $6.8B IPO isn’t just another tech listing - it’s the official Wall Street endorsement of programmable dollars.In this episode of Block Recap, we unpack why this changes everything: from U.S. debt demand and monetary policy to how freelancers in third-world countries get paid.How do stablecoins impact the Fed’s control over the dollar? Why is PayPal’s or Circle's stablecoin more dangerous to banks than Tether? And what happens when wallets, not governments, become the gatekeepers of money?This isn’t crypto hype. It’s a macro transformation, hiding in plain sight.