This week, Chainlink co-founder Sergey Nazarov joined Paul Barron on his popular podcast to discuss a number of topics including America’s stance on web3, stablecoins versus CBDCs, blockchain’s role in government efficiency, and Chainlink’s roadmap for the second half of 2025.
Having recently addressed the President at the first White House Crypto Summit, Nazarov said the new executive order to establish a strategic Bitcoin reserve alongside pending stablecoin and market structure legislation shows the U.S. government will “move quickly to make a change” in the pace of its blockchain adoption.
“I think they’re in a mode where they’re very rapidly doing the work that other geographies have done over two or three years in three to six months.”
While there’s still a lot of catch-up work to do, Nazarov said the dollar’s status as a “safe haven asset” bodes well for extending American dominance in stablecoins – over 90% of which are USD-backed – to tokenized real-world assets (RWAs).
“You right now have a big lead in what stablecoins are denominated in because you have this kind of tailwind from the traditional world saying I want to denominate things in the U.S. dollar.”
As blockchain becomes the world’s leading transactional technology, safeguarding the dollar’s global status depends on how quickly the U.S. moves to issue the most high-quality, reliable tokenized assets onchain.
“If all the best assets – the best tokenized funds, best tokenized equities, best tokenized commodities, best tokenized versions of every asset – are issued from the U.S. financial system, then the likelihood that the U.S. dollar gets used to buy them goes up,” Nazarov explained.
“This is the scenario that we’ve painted to people in Washington.”
Watch the full conversation.