I think stable coins are actually close enough a global CBDC, where America is calling the shots for every person silly enough to hold them.
Discussion
Yes but also some schmuk in a counntry targeted by USA will effectively have backstopped government spending and therefore essentially paid for the bomb that gets dropped on their head. Firsttime in history that the victims of war pay for the munitions
Exactly… a global CBDC controlled by and debased by America.
Stable??? Where stable means debasement in sync with USD debasement.