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🚨NEW: Adam Curry nicely breaks down how Stablecoins work, Tether, and the likely future of the US Digital Dollar system. (Worth a watch if you don't know about this subject) "A stablecoin is a digital dollar thats pegged to the dollar so it's always a dollar. It's already being... show more
364,914 views • 1 year ago •via X (Twitter)
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Adam Curry nails it: Trump’s digital dollar vision is a masterstroke to flood the world with stablecoins backed by U.S. debt, creating a 2-for-1 economic powerhouse. The Lummis-Gillibrand Payment Stablecoin Act (Section 4(c)) forces issuers to hold 100% reserves in Treasuries, ensuring stability while propping up U.S. debt markets. But D.C. bureaucrats still can’t resist adding layers of red tape—Section 9’s FDIC receivership rules prove they’re more worried about controlling the system than letting it thrive. Tether’s $160B in U.S. debt shows the model works, but Trump’s plan would scale it globally. Bitcoiners fear digital control, but Trump’s vision is clear: America’s digital dollar as the world’s reserve currency, not some decentralized utopia. D.C. will try to sabotage it with regulations, but Trump’s meta-game is unstoppable.

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Tether is as fake as USD

Stablecoins like Tether are essentially digital dollars pegged to the US dollar, backed by debt and treasury bonds, which can create a new monetary system where the US can flood the world with its own stablecoin, creating a 2-for-1 effect that could revolutionize global currency transactions.

tl;dr short-term bullish for the USD, long-term bullish for Bitcoin. There is NO stopping this train.

Under no circumstances imaginable should Americans accept a digital dollar. The second we have a digital dollar, the government OWNS you. They would know everything you spend, control what you spend, decide whether you are allowed to spend at all or whether to take your money.

Again videooo.. my 300BAUD modem is sooo slow

Before stablecoins, crypto was synonymous with volatility. Bitcoin and other early cryptos lacked price stability, making them impractical for everyday transactions. The idea of a "stable cryptocurrency" emerged as a way to bridge traditional finance with blockchain technology. The Birth of Tether (2014) The first major stablecoin, Tether (USDT), launched in 2014 under the name Realcoin before rebranding. It claimed to be backed 1:1 by U.S. dollars held in reserves, providing a reliable store of value in the volatile crypto market. Despite questions about transparency, USDT became the dominant stablecoin.

stablecoin is not a digital dollar

The US government didn’t just print money. It outsourced money itself to a private company with 50 employees that now holds more US debt than most nations. Tether isn’t a stablecoin. It’s an invisible central bank.

I will stick to my cold hard cash ! I know this goes against the grain but I said what I said!
