how does it take pressure off the dollar when people exchange dollars for it?
pass legislation that backs stablecoins with US securities 1:1, so each dollar of stablecoins bought is a US dollar bought behind it
centralize btc
timeline is accelerating, gonna publish it on arxiv
you don’t need to fix the US debt when you can sell stablecoins and make the crypto community hold the debt instead
solves for foreign actors that own US securities, $800bil by china, down from $1.4tril, that can keep dumping and damage our dollar. doesn’t matter if the world picks up the tab for it all
there’s ~$300bil in stablecoins as of today
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