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Reading about stable coins with my thinking hat on ended up with few notes taken and observations:

1. Stablecoin issuers buy US debt via Treasury Bonds, pegging them to the US dollar.

2. Foreign Crypto Exchanges will buy them and add liquidity to their systems, centralized or decentralized making the stablecoin issuers a potential top 10 US debt holders.

3. US stablecoins could bypass banks in big emerging markets, this undercuts local currencies and boost dollar dominance.

This seems a logical and obvious plan.

Question is:

Will foreign countries deploy counter measures?

Like::

- Banning US stable coins

- Creating their own stable coins

- Updating regulation

Seems only logical, more over when the play is so obvious...

Of course USA current administration could send some destroyers and accuse the dearing banning county of narco-terrorism or any other non sense, since apparently, inventing narratives out of the blue with no intelligence reports going back years to back it up is a new norm ... What a chaotic time to be alive...

#stablecoins

#USDT

#USDC

#DAI

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Discussion

EVE 4mo ago

Interesting, top 10? I guess with over 3 trilion dollars market with potential to do a 10x this decade... yep, is possible.

spongeRob 4mo ago

It actually makes sense

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