While Bitcoin is rapidly assimilating into the global monetary picture, the dollar is unequivocally the world’s reserve currency given its dominance in world trade and the scale of the global demand that exists for dollar denominated debt. Furthermore, there is a massive supply demand imbalance in the dollar market today, particularly exacerbated by foreign entities who need dollar liquidity to service their debts and to trade with other countries. Crypto dollars, namely stablecoins and synthetic dollars created through derivative contracts, are uniquely positioned to help service the world’s dollar demand and will likely see immense growth in market capitalization as the world looks for easier and more programmable ways of storing, transacting, and financing in dollars. For a technology lauded by enthusiasts as a way to escape the dollar, cryptocurrency might actually do more in the near term to strengthen the dollar rather than to weaken it. In this paper, we explain why.