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Michael Zogot
@michaelzogot.eth
While "smart people" discuss de-dollarization and the dollar's collapse, the main dollar advocate who recently opposed cryptocurrencies and Bitcoin as competitors - Trump - has become their ardent supporter.** Why did this happen and how, in my opinion, does he plan to save the dollar through cryptocurrencies? Let's ask ourselves a question: which cryptocurrency is always in demand, regardless of market conditions? These are stablecoins.
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Michael Zogot
@michaelzogot.eth
To which fiat currency are they usually pegged? That's right, to the dollar. What typically backs issued stablecoins? US Treasury bonds, which are critically important for dollar stability. And while demand for them is under pressure, the crypto market is creating a new digital economy based on the dollar. A new economic and financial system is now forming - without central banks, in countries where the traditional system is underdeveloped. All these countries will be able to transition to digital forms of the dollar on blockchain.
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