If USD stable coins become a generally accepted form of payment, it won't be long before Bitcoin does too.
Bitcoin can be quickly swapped for sats & vice versa.
A vendor can receive either & quickly swap it for their preferred SoV.
The reason they like USD is because it holds its value better & is more widely accepted than their local currency. They're comfortable with tether because they're comfortable with USD.
From there it won't take them too long to become comfortable with holding Bitcoin.
centralized usd tokens are the gateway drug ?
Pretty much.
i guess it’s that or being impoverished. Which ever works first
If I could quickly convert my lightning sats to widely a accepted fiat token, I'd see no reason to hold any fiat.
It's contingent on being able to do it KYC free though.
In % terms Bitcoin is becoming less volatile as it's value becomes more significant.
Widespread KYC free stable coin usage becomes the real trogen horse.
i mean the usd token would be the new fiat. But yeah. I hear you
Which is kinda the stance Lola l33ts is taking.
USD token dominance would remove a country's ability to steal the wealth of their own citizens.
In reality, USD dominance is just a stepping stone to Bitcoin dominance.
I'm not cheering on USD token adoption but I'm also not concerned.
KYC & surveillance is my concern, but I'm bullish on human ingenuity.
pretty much with you here. If people want to use it because it has usd in the name which is familiar and they associate that with something good - they’re free to go for it.
As we know. It has all the downsides of the us dollar with far enhanced surveillance and censorship capabilities. tether will become increasingly subservient to US interests. Not because they want to, but as is already demonstrated, because they will have to, to keep the music playing.
