⚡️💬 NEW - Just watched nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkummnw3ezumt0d5q3camnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpds8jmryv's talk from Bitcoin 2025. It offers an interesting perspective.
He addresses the view that Tether could be seen as supportive of the US dollar—then presents arguments against it. Even in a scenario where Tether expands significantly and purchases large amounts of US Treasuries, the effect on US debt would still be minimal.
He also explores another idea:
Tether is accumulating Bitcoin gradually. Over time, its Bitcoin reserves could surpass its dollar holdings. If that were to happen, Tether might maintain its peg—or even exceed it. A stablecoin backed primarily by Bitcoin instead of Treasuries could potentially have a different valuation dynamic.
His conclusion:
“Tether isn’t rescuing the dollar. It might actually be helping the world move away from it.”
And this:
“The real risk to Tether isn’t volatility. It’s US default. And Bitcoin is the hedge.”
For those interested in the evolving relationship between stablecoins, fiat debt, and Bitcoin, the talk presents the concepts clearly.
https://blossom.primal.net/02d6e06511ace10188c9fafcd16d2877849084c0d6685d9059edcebcc5245a9c.mp4
