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Stablecoins will become the largest holder of US Government debt

3 points| kunle | 1 year ago |writing.kunle.app

2 comments

order

1oooqooq|1 year ago

the gang solves consequences of quantitative easing *cues always sunny intro song

kunle|1 year ago

I mean it is going to be so good to watch. you couldn't write a conspiracy theory this good.

I do think that other than for the censorship resistance use case, this was always going to be inevitable for whatever the reserve currency was. It was only a matter of time.

(Also makes me think a gold backed stable is inevitable on some time horizon)