1/ Since Russia invaded Ukraine and sanctions were imposed, wholesale CBDC developments have DOUBLED.

This is a national security concern, since the dollar’s status as a reserve currency gives the United States tremendous power.

2/ Can stablecoins be the answer?

Over 99% are denominated in USD. This share is unusually high, as you can see with foreign exchange reserves, international debt, loans, and payments.

Rather than develop a U.S. sovereign currency, why not embrace what’s already working?

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