They will create Stablecoins into existence, and buy treasuries as collateral against peoples savings they deposit. This is exactly what tether does. The only difference is tether also buys Bitcoin and whatever else.
Discussion
They buy Bitcoin with the profits off of the t-bill interest profits so their Bitcoin is really like kind of free which is a beautiful thing of course
I don't believe the genius act allows for that. Short term us debt only for acting as collateral.
Tether is an El Salvador company
So? What is with your fascination with tether? Tether will be regulated now in the US like any other.
We are talking about the stablecoins being issued in the US having to buy and hold treasuries when they mint Stablecoins.
I'm not sure anymore what your point is. Have a great day