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Jesse Walden
@jesse
Spent some time over the weekend learning about the origin of Eurodollars, which have many analogs to stablecoins today. Pretty similar story in that Eurodollars were initially ignored as a niche market, then seen as a threat when the market grew 50x in 10 years, then ultimately seen as a tool for US foreign policy.
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Ian Place
@ians-place
de-dollarization will be the exogenous catalyst for stablecoin adoption. as more countries look to minimize US dependencies (mainly china) the US will need to be embrace stablecoins as a means for greater distribution of the dollar. this is a thorn in the side of our monetary policy but its benefits outweigh the cons
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