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Autonomous and Unmanned Ground Robots Market Research 2025: AI-Driven Sensing Powers Next-Gen Growth, Machine Learning for Smarter Terrain Operations, AI Enhancing Mobility and Safety

Autonomous and Unmanned Ground Robots Market Research 2025: AI-Driven Sensing Powers Next-Gen Growth, Machine Learning for Smarter Terrain Operations, AI Enhancing Mobility and Safety

Yahoo20-05-2025

The Global Autonomous and Unmanned Ground Robots Market is witnessing significant growth due to rising automation demands in industries like mining, construction, and agriculture. In 2024, focus on efficiency and safety boosts the market, with robots excelling in tasks such as hauling, planting, and surveillance. Asia-Pacific, led by China, Japan, and South Korea, dominates this sector with robust infrastructure projects and supportive policies. Notably, advancements in AI-driven navigation enhance operational effectiveness across varied terrains. Key players include ASI, SafeAI, and John Deere.
Dublin, May 20, 2025 (GLOBE NEWSWIRE) -- The "Autonomous and Unmanned Ground Robots Market - A Global and Regional Analysis: Focus on Mining, Construction and Agriculture" report has been added to ResearchAndMarkets.com's offering.The Global Autonomous and Unmanned Ground Robots Market is experiencing a notable surge in adoption, particularly across industries such as mining, construction, and agriculture.
In 2024, market growth is propelled by strong demand for automation and increased focus on improving efficiency and safety in environments where manual labor can be high-risk or cost-intensive. Organizations are turning to autonomous and unmanned ground solutions to perform tasks like hauling, excavation, planting, surveillance, and inspection. These robots reduce downtime, mitigate accidents, and streamline daily operations, making them attractive investments for businesses of varying scales.Regional AnalysisAsia-Pacific is widely regarded as the leading region in the Global Autonomous and Unmanned Ground Robots Market, underpinned by extensive infrastructure projects, strong manufacturing ecosystems, and supportive government policies. China, Japan, and South Korea exemplify this leadership through aggressive research and development initiatives, advanced production capabilities, and wide-scale adoption of automated solutions in mining, construction, and large-scale agriculture. As local companies scale up operations, robust competition also stimulates rapid innovation and price optimization.
Trend in the MarketA notable trend in the Global Autonomous and Unmanned Ground Robots Marketis the rapid advancement of AI-driven sensing and navigation capabilities. Modern robots leverage cutting-edge sensors ranging from LiDAR to machine vision to map and interpret their surroundings in real time. This level of environmental awareness enables them to operate safely and efficiently in unpredictable terrains, whether in open-pit mines, large-scale construction sites, or varied agricultural fields. Additionally, developments in machine learning allow robots to learn from past operations, refining their routes and decision-making processes for greater productivity.Some prominent names established in this market are:
Autonomous Solutions, Inc. (ASI)
SafeAI
OffWorld
Exyn Technologies
Fortescue Metals Group
Built Robotics
Robotic Systems Integration (RSI)
Wolf Robotics
Cyngn
John Deere
Burro
Monarch Tractor
Tevel Aerobotics Technologies
Guardian Agriculture
AgXeed
Key Topics Covered: Executive SummaryScope and DefinitionMarket/Product DefinitionKey Questions AnsweredAnalysis and Forecast Note1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 R&D Review1.2.1 Patent Filing Trend by Country, by Company1.3 Stakeholder Analysis1.3.1 Use Case1.3.2 End User and Buying Criteria1.4 Market Dynamics Overview1.4.1 Market Drivers1.4.2 Market Restraints1.4.3 Market Opportunities1.5 Startup Landscape1.5.1 Key Startups by Funding1.5.2 Key Investors1.5.3 Investments by Regions2. Autonomous and Unmanned Ground Robots Market (By Application)2.1 Application by Product Segmentation2.2 Application by Product Summary2.3 Autonomous and Unmanned Ground Robots Market (by Application)2.3.1 Mining2.3.1.1 Open Pit Mining2.3.1.2 Underground2.3.2 Construction2.3.2.1 Industrial and Commercial2.3.2.2 Residential2.3.3 Agriculture2.3.3.1 Field Robots2.3.3.2 Indoor Farming Robots2.4 Autonomous and Unmanned Ground Robots Market (by Mining type)2.4.1 Coal2.4.2 Metalliferous2.4.3 Others3. Autonomous and Unmanned Ground Robots Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Autonomous and Unmanned Ground Robots Market (by Type)3.3.1 Mining Robots3.3.1.1 Automated Haulage Systems (AHS) Robots3.3.1.2 Drilling & Blasting Robots3.3.1.3 Excavation Robots3.3.1.4 Inspection & Surveillance Robots3.3.1.5 Material Handling Robots3.3.2 Construction3.3.2.1 Excavation & Earthmoving Robots3.3.2.2 Inspection & Surveillance Robots3.3.2.3 Material Handling Robots3.3.2.4 Site Preparation Robots3.3.2.5 Demolition Robots3.3.3 Agriculture3.3.3.1 Autonomous Tractors3.3.3.2 Robotic Sprayers & Fertilizers3.3.3.3 Robotic Seeders & Planters3.3.3.4 Harvesting Robots3.3.3.5 Crop Monitoring & Surveillance RobotsNote: Above Segments may change based on client suggestions and research outcomes.3.4 Autonomous and Unmanned Ground Robots Market (by Type)3.4.1 Autonomous3.4.2 Semi-Autonomous4. Autonomous and Unmanned Ground Robots Market (by Region)4.1 Autonomous and Unmanned Ground Robots Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Application4.2.5 Product4.2.6 U.S.4.2.6.1 Market by Application4.2.6.2 Market by Product4.2.7 Canada4.2.7.1 Market by Application4.2.7.2 Market by Product4.2.8 Mexico4.2.8.1 Market by Application4.2.8.2 Market by Product4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World5. Markets - Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market Share
For more information about this report visit https://www.researchandmarkets.com/r/x0t745
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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One entrepreneur's supply-chain odyssey shows just how difficult it is to quit China
One entrepreneur's supply-chain odyssey shows just how difficult it is to quit China

Yahoo

time30 minutes ago

  • Yahoo

One entrepreneur's supply-chain odyssey shows just how difficult it is to quit China

Michael Einhorn wanted to quit China. He really did. He supports the Trump agenda that champions fewer regulations, a lower tax burden for businesses, and elimination of environmental mandates that inflate energy prices. He founded Dealmed on a shoestring in 2006; today it's one of the two biggest privately owned, non-private-equity-held manufacturers and distributors of medical supplies in the New York–New Jersey–Connecticut tristate market. And he largely buys Trump's argument that China is cheating on trade. So when the POTUS announced his 'Liberation Day' tariffs of 135%, Einhorn figured there must be some decent alternatives to source the 10,000 products including masks, gauze, testing equipment, and gowns that he sells to clinics and health care facilities all over the U.S. And this wouldn't even be the first time Einhorn had weaned his company off China. During COVID, when Trump's first set of tariffs had made importing more costly, Einhorn had pieced together a patchwork of suppliers that had squeezed the Chinese share of his company's imports down to 15%. How hard could it be to repeat that strategy again? Nearly impossible, as he found out. Over just five years the manufacturing world has changed so dramatically, that things that seemed possible then no longer make any financial sense. 'China dominates the world in most health care manufacturing,' Einhorn tells Fortune. 'Their automation, quality, pricing is just superior. I acknowledge the problems with China's trade practices, but in the lane I play in, it's just reality. China's so far ahead of the curve I won't hurt myself by moving away.' His odyssey is instructive because it shows how quickly Chinese manufacturing has advanced; how few viable alternatives there are in certain sectors; and ultimately, how even after factoring in tariffs, many businesspeople who want to move away from China, can't. Says Einhorn: 'The administration can scream and yell, but how do you replicate what the Chinese are exporting into the U.S.? It's just not happening.' Einhorn's trade saga starts in the early 2010s, when Dealmed was purchasing only around 15% of what it sold from China, mostly basic stuff such as adhesive tape and paper products such as surgical gowns. In those days, China's quality for more upscale offerings didn't match the norm for the U.S. and Europe, notes Einhorn. In 2014, Einhorn made a major pivot from distributor-only to doubling as a manufacturer. Dealmed was buying from wholesalers that purchased the goods from Chinese producers and shipped them from U.S. ports of entry to their own storage facilities and on to Dealmed's warehouses. Dealmed then provided the final leg of the journey by handling sales to its widely dispersed health care customers served by its corps of reps. Einhorn determined that Dealmed could make more money by eliminating the middlemen, and making the same goods itself, by outsourcing the production to Chinese plants, many of which were churning out the stuff it was getting from the wholesalers. It first moved standard fare such as face masks and washcloths to the contract manufacturing model, then, as the Chinese upped their game, added on-site testing gear and other sophisticated wares. By 2018, the thriving enterprise was importing 80% of its Dealmed-branded, outsourced products from China. All told, that new business accounted for around 30% of its revenues, and alongside its traditional franchise distributing Chinese brands for wholesalers, its total made-in-China sales contributed 45% of the total top line. Then Trump's tariff barrage pushed Einhorn to marshal the first of two dramatic course reversals. In September of 2019, the administration slapped 10% duties on selected Chinese medical exports, and in 2020, raised the levies to 25% on a far longer list. 'The first round applied to only a small percentage of our imports from China due to so many exemptions. But the second 25% tariffs hit half of those imports,' recalls Einhorn. The growing antagonism toward China from both political parties, he reckoned, meant the big tariffs were now a lasting fixture of the trade landscape. Dealmed swapped its purchases of paper for surgical gowns and operating table coverings to the U.S., even though they cost 15% more to make here than in Shenzhen or Nanjing, and relocated its testing-product output stateside as well. By the close of 2019, Dealmed's glove-making had moved from majority-sourced from China to mainly fabricated in Malaysia. It also found new suppliers in Mexico, Canada, Vietnam, and India. Just before the pandemic struck, Dealmed was collecting just 15% of its revenues from Chinese imports, down two-thirds from its peak two years earlier. 'The goal then,' says Einhorn, 'was to pull all production out of China.' The 'downsize China' gambit proved a winner. The sudden, sweeping outbreak in the nation that birthed COVID shuttered China's entire export sector in early 2020. By diversifying supply chains to Vietnam, Malaysia, and the U.S., Dealmed succeeded in filling a far bigger share of orders to doctors' offices and clinics than its still mostly China-dependent rivals. But once the Chinese manufacturers rebooted in the spring of 2020, Einhorn witnessed up close the gigantic profits they reaped both from super-high, shortage-induced prices charged for normally routine stuff, and the surge in volumes for medical supplies the U.S. eventually imported to fight the scourge. He relates that Dealmed was still buying most of its face masks from China in the spring of 2020—and for months it was paying $2 per flimsy cloth covering, seven times the pre-pandemic charge. The U.S.-China 'Phase One' agreement signed that year effectively ended the big duties on medical imports—except for remaining levies on active ingredients in pharmaceuticals—as it turned out, for the next half-decade. Still, Einhorn's customers suffered greatly from the Chinese shutdown early in the crisis and feared the return of tariffs. Dealmed led the industry in limiting risks by shunning the world's biggest exporter and widening its global network. Einhorn reckoned that clinics and hospitals would deem Dealmed's broad diversification a major advantage over its rivals that mainly remained China-centric. That's not what happened. 'At first, our customers said, 'We can't rely on China,'' Einhorn recalls. 'They encouraged us to diversify. We told them we were the best positioned because we had the widest global sourcing. Then, our customers quickly forgot about the COVID disruptions caused by China.' He recounts that the group purchasing organizations (GPOs) that negotiate contracts with manufacturers for equipment sales to hospitals and clinics, and medical practices that deal directly with insurers, dropped their brief enthusiasm for diversifying the supply chain, and sought the best prices, no matter where the gauze, face masks, or devices came from. 'It was sad,' declares Einhorn. 'Being the most diversified didn't matter to our customers as memories of the pandemic receded. The insurers would only reimburse the providers based on the lowest cost. It was all about price. You couldn't get the business by saying the product was made in the U.S. or Malaysia or Vietnam.' As U.S. health care scoured the globe for the best bargains in the aftermath of COVID, the Chinese medical supplies sector embarked on an enormous expansion in scope and expertise. The impetus: the huge profits generated during the crisis. 'The Chinese did a fabulous job building out their manufacturing capacity by reinvesting the big money they made during COVID,' says Einhorn. A prime example: INTCO Medical in Shandong province on China's east coast. In 2020 INTCO multiplied its operating income sixfold over the previous year, and rechanneled the bonanza into building a web of plants that now covers five cities in its home nation, and a big factory in Vietnam, as well as planting sales organizations in the U.S., Canada, Germany, and Japan. INTCO's sudden rise reportedly made its founder a billionaire. The immense improvement in China's medical-industrial engine triggered another U-turn for Dealmed. 'We were growing rapidly and added a couple of hundred new products that we manufactured in the two years after COVID,' says Einhorn. 'Some drifted back to China. I'd move a product from China to Vietnam, then a new product would go to China. As that happened, we realized that the best source was China. Its manufacturers became more aggressive post-COVID. They doubled down and invested in their products. Their quality became superior to everyone else's in the world. No other country could match their automation, their capacity. They became very sophisticated.' Most of all, China offered the lowest prices that fit the U.S. providers' jump from briefly wanting to widely disperse their purchases to grabbing the cheapest deals. In 2024 the Biden regime launched a crackdown on the Chinese tech sector, especially targeting Beijing's semiconductor industry. The mini trade war spilled over into medical equipment. Between late September 2024 and Jan. 1, 2025, the administration imposed 'Section 301' duties of 25% on face masks and respirators, 50% on surgical gloves, and 100% on syringes and needles. 'The Chinese saw what was going to happen a couple of years before and started building plants in Vietnam,' says Einhorn. 'We shifted some of our production to Vietnam. But the companies were backed by companies in China.' Many items including paper products and testing equipment that Dealmed mainly ferried from China, didn't get pounded by the 301 levies. But even for syringes and other targeted items, Einhorn found that after tacking on the tariffs, he could sell the Chinese products at the same or lower prices than the same goods made anywhere else. 'Despite the 301 tariffs, we mainly stayed with China,' he says. The 301 blow, however, proved relatively mild versus the Trump fusillade to come. Trump started at a 10% levy in February that he raised to 25% in early March, before uncorking the notorious 135% Liberation Day 'reciprocal' load on April 9. That fresh heap got stacked atop the 301 duties, bringing the all-in for needles and syringes, for instance, to 235%. The Jenga-like tower of tariffs caused a serious but little reported problem for importers such as Dealmed. 'This created a difficult dynamic for managing cash flow,' explains Einhorn. 'When a container of syringes hit a U.S. port, I would have to pay the 235% tariff before the product hit the shelves. I would have been laying out enormous amounts of money in advance for a product that wouldn't be sold for two or three weeks.' To avoid the huge upfront cash payments, Einhorn severely slowed shipments from China. But he was also wagering that the initial, virtually embargo-sized levies wouldn't last. His Chinese suppliers designed an elegant solution. 'They were very savvy,' recalls Einhorn. 'They said, 'We'll cut your prices by 10%. We'll make the product for you, and store it for you, at no charge for three to four months.' In effect, we were both hedging that the Trump tariffs wouldn't stay at anything like those triple-digit levels.' When Trump announced the 90-day suspension of the reciprocal tariffs on May 12, the rate on Dealmed's purchases dropped, from 235% for syringes and 160% on face masks to 130% and 55%, respectively. Einhorn then took delivery, enabling him to sidestep the cash-drain problem, and offer far lower prices to his customers. For Einhorn, the Trump 30% extra tariffs are far from a deal killer for buying Chinese. 'I'll move some products away, but we'll stay with China for now as the main supplier,' he declares. Even the total 130% duties aren't stopping him from successfully selling syringes and needles to U.S. customers. All told, Dealmed's not planning to backtrack on all the production it restored to China, as its manufacturing improved so notably following the pandemic. The overwhelming majority of gloves and paper contract-manufacturing that went from China to Malaysia, and to the U.S. and Canada, respectively, is now back in the nation where Dealmed debuted its outsourcing model. He finds that Vietnam and other Asian rivals to China not only generally charge somewhat higher prices, but lack China's quality, range of products, and giant infrastructure that fosters superior economies of scale and guarantees that its manufacturers can meet sudden surges in orders by delivering huge quantities. Einhorn avows that his company is getting over 40% of its revenues from products made in China, roughly back to the summit of 2018—and a much bigger number in dollar terms, since Dealmed has grown so much in those seven years. Judging from what he's seen firsthand, the Trump trade war won't succeed at its objective. 'It's a misconception that the U.S. can extract 'burden sharing' by getting Chinese and other foreign companies to absorb the tariffs,' he says. He sees every day that hospitals and clinics, not the Chinese exporters, are paying the tariffs and passing the costs along to insurers, and hence the individuals and companies that pay the premiums. He doesn't have all the answers. 'I'd rather do business in the U.S.,' he says. But he notes that issues ranging from extremely high workers' compensation costs to mandated purchases of high-cost electricity handicap U.S. players on the world stage. 'There have to be a series of incentives to lower costs for U.S. manufacturers,' he says. 'Unless we can match the quality and pricing of China, my customers won't pay more because it's made in the U.S.' For now, he says, it comes down to this: 'Cutting out China is not an option.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Sarepta Therapeutics (NasdaqGS:SRPT) Gains 19% Over Past Month Following Japan Approval
Sarepta Therapeutics (NasdaqGS:SRPT) Gains 19% Over Past Month Following Japan Approval

Yahoo

time34 minutes ago

  • Yahoo

Sarepta Therapeutics (NasdaqGS:SRPT) Gains 19% Over Past Month Following Japan Approval

Sarepta Therapeutics saw its share price rise by 19% over the past month, a move that notably outpaced the broader market's 1% increase for the week and the 13% gain over the year. This significant increase can be partially attributed to several key announcements, including the FDA's platform technology designation for their rAAVrh74 viral vector, pivotal updates from ongoing studies related to their ELEVIDYS treatment for Duchenne Muscular Dystrophy, and new approval in Japan. These developments highlight the company's continued progress and innovation in gene therapy, reinforcing investor confidence amidst market growth. We've identified 2 weaknesses for Sarepta Therapeutics (1 is a bit concerning) that you should be aware of. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Recent developments for Sarepta Therapeutics have sparked a positive response in short-term share price, primarily driven by advancements in their gene therapy programs. These innovations, particularly the FDA's designation and updates on the ELEVIDYS program, are poised to bolster investor confidence. However, despite this optimism, it's essential to acknowledge that Sarepta's shares have experienced a 37.80% decline over the past three years, highlighting challenges the company has faced. Relative to the biotechnology industry, Sarepta has underperformed in the past year compared to the US Biotechs market, which returned -9.3%. The recent announcements could potentially impact Sarepta's revenue and earnings forecasts considerably. Analysts project a significant annual revenue increase over the next three years, with expectations that profit margins will improve. Crucially, these updates could address operational delays and safety concerns surrounding ELEVIDYS, enhancing the therapy's credibility and market uptake. In terms of valuation, Sarepta's recent share price movements are in the context of an analyst price target of US$89.96, indicating further room for growth if the company's strategic objectives translate into financial success. These factors collectively shape a complex but promising outlook for Sarepta as it navigates both opportunities and challenges in its field. The valuation report we've compiled suggests that Sarepta Therapeutics' current price could be quite moderate. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:SRPT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The Dollar's Digital Lifeboat Might Be A Trojan Horse
The Dollar's Digital Lifeboat Might Be A Trojan Horse

Forbes

time2 hours ago

  • Forbes

The Dollar's Digital Lifeboat Might Be A Trojan Horse

ANKARA, TURKIYE - NOVEMBER 22: In this photo illustration, a phone screen displaying a graphic chart ... More showing an upward trend, with the label '$100K' is seen over another screen showing 'Bitcoin' coins and dollars in Ankara, Turkiye on November 22, 2024. (Photo by Hakan Nural/Anadolu via Getty Images) In 2008, the world learnt the cost of financial opacity the hard way. Wall Street alchemised housing risk into triple-A rated gold, and when the music stopped, we all paid the price. Today, the rhythm is different, but the instruments are familiar. The risk this time doesn't sit with mortgage-backed securities or subprime borrowers. It sits with governments. The new CDO is the sovereign bond. And the next crash, if it comes, will be state-led. Japan is already blinking red. Last week, GDP contracted. Yields on its ultra-long government bonds surged, even as the Bank of Japan kept its grip on the yield curve. Investors, it seems, are no longer buying the myth of infinite refinancing. Japan's debt-to-GDP ratio stands at 220%, nearly double where Greece was when it triggered the eurozone debt crisis in 2010. The world is staring at a sovereign version of the same problem: not enough return, too much risk, and a deep belief that someone, somewhere, will always step in. For years, that someone has been the U.S. Issuing, rolling, and selling Treasuries at a scale that only the world's reserve currency can sustain. But even that advantage is starting to fray. In March, foreign holdings of Treasuries hit a record high. Yet the demand curve is flattening. A recent $16 billion auction of 20-year bonds failed to sell out. WASHINGTON, DC - JULY 16: The U.S. Treasury Building, photographed on Friday, July 16, 2021 in ... More Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) The Fed had to step in. Again. This is not just about a bump in yields. This is about investor psychology shifting under our feet. Trillions in U.S. debt need refinancing in the near term. $9 trillion, to be exact. Investors are rightly asking: what happens if we're the last ones holding the bag? When private markets get nervous, they hedge. When governments get nervous, they innovate. The result: a new wave of financial engineering built on sovereign debt. The most ambitious iteration is the tokenisation of Treasuries, wrapping government IOUs in crypto clothing. Stablecoins backed by Treasuries are one flavour. Synthetic credit products, using sovereign debt as collateral for risk-sliced instruments, are another. It's the same logic that gave us the collateralised debt obligation: take something illiquid, give it a shiny wrapper, and make it move. But the wrapper doesn't change the core. Debt is still debt. What's different this time is who's doing the repackaging: not banks, but governments. Enter the GENIUS Act. On May 19, the U.S. Senate advanced Bill S.1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act. At first glance, it looks like a regulatory framework for crypto payment systems. But in practice, it could become the legal scaffolding for a new asset class: stablecoins backed by sovereign debt. As Stefan Rust noted: 'The GENIUS Act signals a bold U.S. move to cement dollar dominance in the digital era. With the dollar already driving 98.9% of crypto transactions, this legislation lets any bank with U.S. Treasuries mint its own dollar-backed stablecoins—bypassing central banks and unleashing a surge of liquidity,' said Stefan Rust, Founder of Truflation and Laguna Labs. 'The result is faster transactions, broader access, and a dramatic acceleration of digital dollar velocity. The GENIUS Act isn't just policy—it's high-octane fuel for America's financial leadership.' Supporters argue this is a necessary step. The EU has MiCA, Singapore and Hong Kong are sprinting ahead, and the U.S. risks falling behind in digital finance. The GENIUS Act provides long-overdue clarity. It mandates reserve backing, enforces redemption rights, and creates a federal framework that pulls stablecoins out of the regulatory shadows. On its own, that's a good thing. But paired with $9 trillion in refinancing pressure, the incentives start to warp. Treasury-backed stablecoins could unlock new demand from crypto markets. Tokenised debt could offer short-term liquidity. And synthetic structures could spread risk across jurisdictions, just like CDS once did. But here's the paradox: while U.S. regulators are building the legal rails for stablecoins, the largest one, Tether, isn't saving the dollar. It may be preparing to replace it. At Bitcoin 2025, economist Saifedean Ammous delivered a talk that peeled back the narrative around stablecoin demand being "bullish for the dollar." Tether, he argued, may purchase Treasuries today, but its real bet is elsewhere. It's quietly accumulating Bitcoin. If its BTC reserves continue to grow, eventually they could outpace its dollar ones. The peg might not break—it might revalue. A dollar-plus stablecoin, backed not by fiat, but by finite digital commodity. Saifedean Ammous at Bitcoin 2025 In that world, Tether doesn't reinforce U.S. financial dominance. It undermines it. 'The real risk to Tether isn't volatility,' Ammous said. 'It's U.S. default. And Bitcoin is the hedge.' That framing flips the conventional narrative. Stablecoins are often treated as satellites of U.S. monetary policy—dollar proxies that expand liquidity and shore up Treasury demand. But as crypto-native entities become more risk-conscious, they're hedging against the very foundation they once anchored to. In doing so, they expose a deeper structural weakness: the assumption that government debt will always be the safest asset in the room. But here's the real problem: even in the most optimistic scenario, stablecoins won't solve the debt crisis. At best, they can touch a small fraction of total U.S. liabilities. As Ammous points out, even if Tether grew 100-fold and allocated 80% of its reserves to Treasuries, the impact would be marginal — a 5% reduction in debt costs over a decade. That's not a backstop. That's a rounding error. If policymakers begin treating stablecoins or tokenised debt as scalable demand engines, they're mistaking liquidity optics for solvency. These tools might offer short-term relief, but they don't address the structural reality: too much debt, too little yield, and too few reliable buyers. When all else fails, governments fall back on the one tool always within reach: inflation. It's the path no one wants to advertise. But if investor appetite falters and refinancing costs climb, governments will have few alternatives. Debase the currency. Inflate away the obligations. Devalue the promises. That's why the outlook for the dollar is weakening. And why assets like Bitcoin and gold — scarce, uncorrelated, and outside the system — are increasingly appealing hedges. A cutout of US President Donald Trump holding a Bitcoin is displayed on a group of servers during ... More The Bitcoin Conference at The Venetian Las Vegas in Las Vegas, Nevada, on May 27, 2025. (Photo by Ian Maule / AFP) (Photo by IAN MAULE/AFP via Getty Images) The GENIUS Act is trying to get ahead of this, offering rules before crisis sets in. That's smart. But regulation won't stop the fundamental question from looming over the global economy: how do you refinance trillions when no one wants to buy? The 2008 crisis taught us that complexity can't paper over unsustainable fundamentals. In 2025, we'd be wise to remember that lesson. Because the next crisis won't start in a hedge fund or a housing market. It'll start in a Treasury auction. And this time, it may end with a stablecoin leading the exodus.

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