Lock up bitcoin on some L2 protocol and mint stablecoins on a timelock contract. Bitcoin becomes the world reserve asset. The dollar remains the world reserve currency, but increasingly outside U.S. control. Best of both worlds.

bitcoin

What does credit and lending look like to you under a Bitcoin standard?

cornfarmer

The balance sheet becomes this:

Bitcoin = Assets
Dollars = Liabilities

Lock up bitcoin on some L2 protocol and mint stablecoins on a timelock contract. Bitcoin becomes the world reserve asset. The dollar remains the world reserve currency, but increasingly outside U.S. control. Best of both worlds.