You missed the part where stablecoins are used to normalize CBDCs.

We are in a transition from the current rails -> regulated stablecoins (plus tokenized deposits) -> phased CBDCs, with years of overlap.

Many people will tell you how stablecoins are useful to the US government because they buy treasuries.

However, they are much more useful to the US government because they are the Trojan horse that normalizes programmable money (CBDCs).

Context:

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