Central banks are waking up to the fact that they have competition - stablecoins
https://www.europarl.europa.eu/RegData/etudes/IDAN/2025/764387/ECTI_IDA(2025)764387_EN.pdf
Yeah, but I suspect they will figure out the real competition in about a decade, the decentralized alternative to central banking.
It's wild that the price of bitcoin has doubled in the last 12 months, yet so many people still prefer crypto backed by government Ponzi debt instead.
vOLaTiLiTy
Yeah, you're right. I forgot about that.
I used to play poker12 hours a day so back then, even my fiat was volatile.
The real endgame for the US is payment rails is where the USD becomes the global unit of account. The US doesn’t care how it’s settled underneath. Just look at the EuroDollar system that’s existed for decades. The goal is to have a payment system that looks like USD but all BTC underneath - no stablecoins required.
Yeah, but I think sats will eventually become the unit of account. Well... I hope so.
Like the switch over to the metric system that resulted in the Americans still using Fahrenheit.
