Then at ~50mins Saifedean explains how USDT will eventually be backed by Bitcoin.
nostr:nprofile1qqst0mtgkp3du662ztj3l4fgts0purksu5fgek5n4vgmg9gt2hkn9lqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0dehhxarj9esh57npd4hjumn9wshs8a67pu At 36 mins here, Saifedean makes some good new points about stablecoin adoption that we missed. Specifically, that USDT adopters (in the developing world) will increase their cash balances relative to their peers who use the local, more inflationary currency. That bigger cash balance in USDT can then, in time, be traded for Bitcoin as longer-term savings. https://fountain.fm/episode/us4OtK6HIiDvOWtFCEv2
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