Do you guys understand just how big of a fucking deal stablecoins are?
>>61673495If somethings readily available like literal sand on a beach and can be printed like fiat then its worthless.
>>61673503You don't get it Stablecoins are a BIG FUCKING DEAL because it allows people from ALL OVER THE WORLD to access the United States Dollar without having to route through a traditional banking systemTokenized assets and stablecoins are a REALLY big fucking deal
>>61673503no you understand wrong. Imagine you had paper money IOUs and now we make IOUs on those IOUs, gotta keep that beercan rolling down the road but this time, we REALLY gotta make sure the whole world is strung into US debt, even more than it is already
>>61673527So it's like a traditional fractional banking system? Why would anyone want that?
>>61673547Because every country's currency is complete shit compared to the United States Dollar. China is probably fucking terrified of stablecoins China forces its billionaires to hold their wealth in the Yuan, Russia forces its billionaires to hold wealth in the RubleWith stablecoins, these wealthy can circumvent their shit currency and hold their wealth in a tokenized asset - and not have to interact with the banking system of the other countryAnyone from around the world can put their shit in a tokenized asset instead of having to deal with their local system
>>61673597I'd rather buy silver.
>>61673597people seem to forget that the ultimate goal of the jews is total globalization. >muh one world state will never existit might not be an outright country but the liberation of nationalization will be done willingly. People will forego their countries system to participate in the global one.
>>61673612Of course you're saying that NOW, because silver is in the part of the cycle where commodities do exceptionally wellCome back to me in 7 months and ask me if you still feel the same Stablecoins and Tokenized assets are a bigger deal than Bitcoin, honestlyHaving a permanent ramp to the best currency in the world that circumvents your own nation is extremely threatening to those nations No wonder US banks are rushing to tokenize everything
>>61673642Ok.
>>61673665>>61673626Yeah, it's a preview to total globalization. There's zero reason to hold your own shit nation's currency if you can hold the better currency, and this will destabilize nations Tokenized USD is an insane monetary development
>>61673597baht>>>>>>dollarand franken too
>>61673495Sorry to burst your bubble but stablecoins are literally a nothing burger. The fed could literally cut rates to 0% at their next meeting and then holding a stablecoin becomes a liability. Brian Armstrong is doing his best to fight against the banking cartel but acting unilaterally against them only guarantees failure.
you assumption rests on the idea that people need stablecoins like governments need dollars today, banks are there for a reason--trust, you remove that, and a whole lot of problem appear like not being able to reverse transaction, which is what banks guarantee, there's so many coins out there that can trade and interact that the whole idea of stablecoins--outside of usdt, usdc, dai, etc is already made useless, people use crypto because they don't want to be found, not because they want trust
>>61673701>>61673707If you live in the United States, of course stablecoins are a nothing burger If you are NINETY SIX PERCENT of the world population that doesn't, having access to dollars that circumvents your banking system is a BIG deal. People DO need stablecoins and tokenized USA assets if they don't live in America
>>61673495Yeah I think Venezuela is going to be pilot , using the Qatar account buy stablecoins send to Venezuela which will create a tga deposit as circle/tether mint and purchase tbills they will negotiate a lower rate, ship usdt/usdc to Venezuela essentially allowing them to double spend, best part no banks
>>61673760Why would anyone outside the US use dollars?
>>61673787>saar I use rupee, the best of all
>>61673707Yeah its more for countries facing currency crisis which can be arranged and it actually protects the locale from their own government from seizing dollars like Argentina and complete destroys the sovereignty of a country very powerful, and the U.S. was actually smart not making a cbdc form
>>61673787... Because their local currencies are SHIT compared to the United States Dollar, don't you get it?You probably live in the US, which is why you don't get it The USD is the best fiat currency in the world. Make money in your local currency and park it in the USD stablecoin so it doesn't lose value Tokenized assets and stablecoins MAKE THIS AVAILABLE as an option without having to deal with your local government regulations/foreign country's banking system
>>61673824Actual indian spotted.>>61673855Why wouldn't i not just buy US large caps that pay dividends, too?
yes you idiot that's why this board holds link.
>>61673840isn't even argentina clamping down on this, the problem with crypto is that govt regulation is hard, argentina can't control it so won't ever be adopted
>>61673884Because, unless those us large caps are tokenized, people from outside the USA must deal with their local banking systems, regulations, and foreign investment systems. Stablecoins are a literal browser extension away, completely and utterly away from any government interventionNot to mention the Chinese government and the Russian government forces HNW individuals to keep a lot of their wealth in the local currency to bolster the society The Chinese billionaire instead simply parks that shit in a stablecoin, and the government is none the wiser It increases US dominance in Capital Wars extensively
>>61673495<$1 = $1they allow you to avoid losses
>>61673495no
>>61673927this is funny because the us govt claims binance allows money laundering, you'd think they'd support as much onboarding of local currency to stablecoins but they are the biggest enforcers against this
>>61673927So it's just a way to scam foreigners? That's pretty based alright. Wouldn't invest, though.
>>61673983No, the foreigners aren't being scammed, haha. The foreign government hates stablecoins, but the foreign INDIVIDUALS love stablecoins
>>61674018Ok.
>>61674018Actually, i've got another question: Do we tax them? And if not - why not?
>>61673495I’ve been hearing this for years. All hype and a lackluster performance.When will mass adoption of stablecoins finally start? Tethers been around for a decade and the entire stablecoin market is still under $300bn.
>>61674018They are using an US asset so they should be liable to US tax after all. Answer or i'll file a fraud complaint.
T0k3n n0t r3qu1r3d
>>61673495>"stable">tied to USDno thanks
>>61673495Yes. And that's why the best chain (fastest, most tx per second) that holds them will pump majorly.
>>61673527It doesn't allow them to access the US dollar though. It allows them to access a stablecoin, which are all scams no doubt.
>>61673495big for 1-3 month maturity US treasuriesbig for forexbad for financial institutions that don't/won't/can't hold USDC or USDT
>crypto backed by fiat currencyHow does losing 10% a year sound?
>>61673527Price. Chart. Go fuck yourself.
>>61673503First post based post.
