Stablecoins perpetuqte the fiat system...
⚡️🇺🇸 NEW - Sen. Cynthia Lummis on the Genius Act.
"We look forward to sending this bill to the House so the US can establish itself as the country that has adopted the most advanced, forward-thinking, digital asset policy in the world."
"It's been a long time coming. Now let's get it done."
https://blossom.primal.net/b6c97e4ce2465078cf3aedde3f10d66d75718846e29fdfb4a309e4fbe6ca5f3b.mp4
Discussion
I like the fact that stablecoins are a 100% reserve currency.
The problem is that the underlying asset is such garbage, even traditional finance is downgrading it.
They accelerate it's demise, but let's pretend that they don't.