karmastef
@karmastef
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@karmastef
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karmastef
@karmastef
Stablecoin, one of the most popular crypto products currently available, has become a topic of policy discussion, with a number of related bills under consideration in the U.S. Congress. One of the key factors driving this discussion is the realization that stablecoins can help continue to strengthen the international influence of the U.S. dollar as its status as the global reserve currency is eroding. Currently, more than 99 percent of stablecoins are denominated in U.S. dollars, far outpacing the euro, the second largest currency, which accounts for only 0.20 percent. The widespread use of stablecoins reinforces the dollar's dominant position in the digital asset market and provides a new way for the U.S. to maintain its dominance in the global financial system.
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karmastef
@karmastef
It is worth noting that the Bitcoin bill, currently awaiting congressional approval, may offer a new pathway to solving the U.S. debt problem. The bill, which aims to integrate bitcoin into the broader financial system, has the potential to help stabilize the U.S. debt structure and even bring a degree of stability to the global financial system by attracting large amounts of private and institutional capital. As a decentralized asset with scarcity properties, Bitcoin can provide governments and investors with a hedge against inflation and risk, and is potentially strategic, particularly in dealing with debt and inflationary pressures.
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karmastef
@karmastef
Space and Time Announces SXT Chain Test Network at Chainlink 2024 SmartCon Conference
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fdsgf
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karmastef
@karmastef
I got my Moxie Pass! Mint yours to be eligible for upcoming airdrops, grants, Fan Tokens and more! cc @betashop.eth @airstack.eth
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karmastef
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Farcaster is expected to roll out tokens as most protocols do
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karmastef
@karmastef
nice~
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