Ethereum

Paul Ryan says since US can’t address underlying fiscal debt issues and that other countries may stop/reduce buying t bills, embracing stablecoins will be imperative to maintain dollar status.

Paul Ryan says since US can’t address underlying fiscal debt issues and that other countries may stop/reduce buying t bills, embracing stablecoins will be imperative to maintain dollar status. https://www.wsj.com/articles/stablecoins-could-stave-off-a-us-debt-crisis-china-digital-currency-c491d717

Cofounder axis.xyz (YC W22). Humans for the best machines for the rest. Interested in legibility and beauty.

Basically, decentralize the subsidization of dollar dominance. 

Who needs an oil for weapons arrangement when you can have a million degens?

I don’t think Ryan is considering that. He’s throwing in the towel: we can’t reduce the debt so we need a new buyer of our t bills.

curious to see the aml/kyc/security parameters. like circle can freeze usdc as well as tether (although tether is less inclined to)