Replying to Avatar L0la L33tz

https://m.primal.net/PmjP.mov

"With the Dollar backed stablecoins, you'll help expand the dominance of the US Dollar [...] It will be at the top, and that's where we want to keep it"

What he means is:

with Dollar backed stablecoins, the Global South will pivot towards digital Dollars over local currencies, allowing private, US Gov controlled entities to replace bank accounts around the globe.

This does not just allow for the expansion of USD dominance by bypassing local governments – it gives the US unprecedented and direct control over worldwide economies as every stablecoin can be effectively frozen on behalf of the US with the click of a button.

Additionally, it will provide the US with never seen before surveillance capabilities, providing real time access to financial transactions around the globe – fueling the unparalleled public-private partnership between Silicon Valley and the US war machine.

If you are promoting stablecoins, you are promoting the end of national sovereignty in favor of total techno-fascist dystopia.

Look at the US incentives. I don't blame them because it gives them so much power. It might keep the USD sinking ship afloat for longer, but eventually it will collapse. More time for developers to build out everything necisarry for a smooth transition to a global BTC standard. Maybe this could incentives governments to support BTC to avoid an increase of USDT in their country? We already see Russia and Venezuela trading in BTC to avoid sanctions.

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