Hot take:
Digital inflation bucks are a systematic risk.
Fiat with an alleged fraction in reserve is the systematic risk.
Digital inflation bucks are a new form of fiat.
UK regulators want to cap how much stablecoin you can own.
The Bank of England is pushing proposals to limit individuals to £10K–£20K and businesses to £10M, citing “systemic risk.”
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Hot take:
Digital inflation bucks are a systematic risk.
Fiat with an alleged fraction in reserve is the systematic risk.
Digital inflation bucks are a new form of fiat.
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