The Honest Starting Point
Anyone searching for the “best stablecoin stocks” runs into the same wall right away: the two dominant stablecoin issuers are private. Circle, the company behind USDC, is not publicly traded, and Tether has no public listing. So there is no clean, single ticker that gives you direct exposure to the dollar-pegged token economy. What “stablecoin stocks” actually means in practice is the picks-and-shovels layer around them, the payments rails and the infrastructure that stablecoins run on. That is exactly the backdoor Ian King’s Dollar Reboot presentation is pointing at. There is more on this in our Stablecoin Stocks: Ian King’s Dollar Reboot Picks article. There is more on this in our CBDC vs Stablecoin: Which Side Is Elon On? article.
What the Dollar Reboot Pitch Argues
King, Banyan Hill’s chief strategist, builds his case on a concrete regulatory shift rather than a vague “digital dollar” fantasy. Three verifiable facts anchor it: Executive Order 14178 on digital financial technology, the GENIUS Act that created the federal framework for payment stablecoins, and the CLARITY Act on market structure. The market-size math is sourced to named institutions, a roughly $317 billion stablecoin market today against forecasts of $3 trillion or more by 2030. Our full Dollar Reboot teardown walks through every claim and where each number comes from.
The profit mechanism is the important part. King’s argument is that Elon Musk’s xMoney platform, and every rival, depends on a hidden layer of infrastructure, oracle networks, lending protocols, and tokenization rails, and that a handful of small public companies sit at those chokepoints.
The Payments Incumbents
The names you can actually buy today split into two groups. The first is the payments layer. Visa (V) is xMoney’s actual partner, a fact our teardown verified against public reporting, and it is positioning itself as a settlement rail for the stablecoin economy. PayPal (PYPL) already issues its own PYUSD stablecoin. And Coinbase (COIN), the largest US crypto exchange, is the closest thing to a pure public play on the ecosystem, with revenue tied directly to stablecoin and crypto trading activity.
These are real businesses with real earnings, but they are not “stablecoin stocks” in any concentrated sense. Stablecoins are a growth initiative inside much larger franchises, so buying Visa or PayPal for the stablecoin story is buying the trend at a diluted dose.
The Infrastructure Layer
The second group is where King’s thesis gets its edge. The presentation does not name its three picks for free, but our analysis of the clues points at two infrastructure names. Chainlink (LINK) is the oracle network that the White House digital asset report called foundational, the service that feeds real-world data to smart contracts. Aave (AAVE) is the decentralized lending platform whose clues match King’s “Secret Backbone of the Digital Dollar.” We broke out the Chainlink stock case separately, and the xMoney explainer covers the platform these names are meant to support.
This is the higher-upside, higher-risk end of the trade. These are small-cap crypto infrastructure names, more volatile than the payments giants, and their fortunes rise and fall with the stablecoin market’s actual growth.
How to Think About the Trade
The honest framing is a tiered one. If you want low-risk exposure to the stablecoin trend, the payments incumbents, Visa, PayPal, and Coinbase, give you a diluted but durable stake. If you want the concentrated picks-and-shovels bet that King is actually selling, you are looking at the oracle and lending infrastructure, which carries far more volatility. For a plain-language grounding in what the underlying asset even is, our what is a stablecoin explainer is the place to start.
The Bottom Line
There is no magic “best stablecoin stock” because the issuers are private. What exists is a spectrum: established payments companies with a stablecoin growth option, and small infrastructure names betting on the token economy’s expansion. King’s presentation is one of the better-sourced cases for the latter, and at $49 for three months of his Strategic Fortunes research, the cost of reading the full thesis is low. Just know which end of the spectrum you are buying before you commit capital.
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