Neobanks are the needed Fintech UX upgrade for a new wave of Stablecoinusers not in the US We are vastly overestimating how much power states still have to control capital flows in today’s world In the coming years, we are entering a period of monetary wars, as we approach major global debt maturities and central banks have already been buying gold instead of Treasuries for some time now. This is not a “dollar problem.” rather, even as a euro user, I can now easily choose whether I want EUR exposure via my bank account or USD exposure via my Stablecoin neobank. Stablecoin neobanks are the fintech upgrade of what we previously had. They also actually allow you to spend your dollars as a German living in Germany—easily. Before, I could hold dollars through Interactive Brokers, but I couldn’t spend them easily. There was a lot of friction between holding dollars, converting them into euros, and spending them in the real economy. I see people making the same mistakes they made with their takes on @Tether_to. The main market is not the U.S.; in the U.S., only non-dollar stablecoins or neobanks would be relevant if the dollar were losing monetary dominance. Besides self custody and maybe privacy which is more important in authoritarian states the user is getting more or less the same product arguable worse due to not beeing FDIC insured they already have. The real market is everyone outside the U.S. (basically the rest of the world) who wants to hold dollars easily and spend them easily without dealing with the UX issues of being fully on-chain. Stop talking about the bull- or bearmarket and open your eyes