Brent Johnson, CEO of Santiago Capital, highlighted at the Bitcoin 2026 conference that USD stablecoins are significantly reversing the trend of 'de-dollarization' into 'redollarization.' Johnson, known for his 'Dollar Milkshake Theory,' emphasized that global citizens are increasingly adopting USD stablecoins over domestic currencies, undermining national monetary sovereignty and causing concern among central banks. Johnson noted that the rise of stablecoins has diverted funds from Bitcoin to Tether, impacting Bitcoin's price. However, he argued that the U.S. must maintain the stablecoin system, which indirectly protects Bitcoin. While he predicts Bitcoin could surpass $1 million due to global money printing, he doubts widespread corporate adoption of Bitcoin on balance sheets due to its volatility.