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🇺🇸 SEC. SCOTT BESSENT: STABLECOINS COULD REINFORCE DOLLAR SUPREMACY "I think stablecoins could reinforce dollar supremacy because with stablecoins, stablecoins could end up being one of the largest buyers of US treasuries or T bills. So all of a sudden, if you are using a stablecoin in Nigeria that...

58,812 просмотров • 1 год назад •via X (Twitter)

Комментарии: 9

Фото профиля Dewey Oxburger
Dewey Oxburger1 год назад

Exactly what @telcoin is doing. Check it out.

Фото профиля Fog
Fog1 год назад

BULLISH🍀

Фото профиля Kekaius
Kekaius1 год назад

@MarioNawfal Economic power must be wielded with justice and honor. Let stablecoins serve the people, not just reinforce supremacy. Ad maiorem Kek gloriam. The Prophecy Of Kek shall be fulfilled.

Фото профиля Austin Graham
Austin Graham1 год назад

Stablecoins like Tether could really boost the US dollar's global presence. Pretty cool concept!

Фото профиля DOM🧲(Chief arc)
DOM🧲(Chief arc)1 год назад

Economic influence should promote fairness

Фото профиля Grronk
Grronk1 год назад

facts

Фото профиля a soft apocalypse
a soft apocalypse1 год назад

So basically, the dollar’s getting a crypto bodyguard. Makes perfect sense in the ‘keep the empire running’ playbook.

Фото профиля 吃干抹净🇺🇸
吃干抹净🇺🇸1 год назад

I thought Trump had promised Vivek not to do CBDC.

Фото профиля Darkfire Lion
Darkfire Lion1 год назад

Dollar hegemony goes digital. Stablecoins are no longer a threat to the dollar they're becoming its sharpest weapon

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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 used all over the internet and the world. The only reason it's worth a dollar is because the stablecoin company that creates it has debt and paper to back it up. They buy America's debt, they buy treasury bonds or T-bills that pay a dividend that gives interest, and for each dollar they've bought in treasury they can create stablecoins. If you look at the company Tether they've bought more of the US debt than most countries. They have $160B worth of US debt. For each of those dollars they have a stablecoin. There's like 50 people in the company. They have $160B at 4% interest annually, they're making BANK just for holding this debt. I think that President Trump is very smart in seeing that we can flood the world with our stablecoin and we get a 2-for-1. We create a dollar of debt and we create another dollar that can be used all over the world as a reserve currency and that should result in some new monetary system that we need to come up with to have our dollar valued properly but also still remain the reserve currency and remain a strong export country. We don't make anything that we sell abroad, we can't all serve each other burgers and fries -- we have to build something. All of that went overseas. There's something big coming, and it has to happen. Trump is a meta guy. He's going to re-finance the country. It'll be digital and he Bitcoiners don't like this because they want Bitcoin to be the one currency that everyone uses but its now more like a digital gold that's much easier to move around. It's useful but it isn't money or currency the way it was originally intended -- but it is still very important and will be part of the US' strategic reserve. It looks to me like Stablecoins and Tether in particular will be the future of the US dollar payments. A lot of people on the right are afraid of being controlled on a grid because you can stop stablecoins -- but it seems there's no way of getting around some form of a digital dollar. I still like Bitcoin as a backup to protect from that control." Great breakdown Adam Curry - curryirc.com

Autism Capital 🧩

365,538 просмотров • 1 год назад

🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

Afshin Rattansi

107,856 просмотров • 6 месяцев назад