Omid Malikan

Regimes like Iran have collapsing currencies and "rickety" banking systems, yet citizens increasingly hold USD stablecoins despite capital controls. The fundamental use case for crypto is not speculation but survival in failing economies. As geopolitical instability rises, the "gravitational pull" of dollarized stablecoins becomes existential for these populations. Long the adoption curve of USD Stablecoins as a geopolitical hedge. Draconian government bans on stablecoin ownership in authoritarian regimes; US regulatory crackdowns on issuers.

Omid argues regarding Iran: "If the regime falls, the banking system surely falls... this ultimately shows why the world needs a independent digital financial system." In countries with "draconian capital controls" or failing regimes (Iran, Venezuela), the local banking system is an arm of state theft. The collapse of these regimes creates a structural vacuum that only dollarized stablecoins or Bitcoin can fill for wealth preservation. LONG the asset class as a hedge against sovereign/regime failure. Internet shutdowns or extreme government crackdowns blocking access to digital rails.