Stablecoins export US debt and are, therefore, a mechanism to make the rest of the world as poor as humanly possible and as fast as economically possible.
Discussion
Dollar dominance strategy. Control the printer to the money that the entire world uses. Blockchains outside of #bitcoin are competing to become the best stablecoin platform.
Yes, stable coins will keep the stupid Americans rich for as long as possible until bitcoin goes to Just-In-Time supply levels on exchanges. That is projected to be feb 2029. Then everyone that does not own bitcoin will be broke in all practical sense vs bitcoin holders. Stable coins will be the buyer of last resort for Tbills until stable coins are worthless too.
PS BTC is leaving exchanges faster and faster. Just wait for the bull run to start. Gonzo.
Yeah I dunno why anyone would care or be excited about all this stablecoin legislation nonsense.