Thanks to FC I've been diving a bit more into stablecoins lately and see a lot of the potential. But am I wrong in thinking that it mostly (for now) is just externalizing a lot of the costs/inefficiencies/regulations to the end user? Obtain wallet, buy coins, pay transaction fee, pay taxes, etc. Please forgive newb and/or stupid question.

cryptobanking

My big brained theory is the combination of:

- crypto being marshalled in

- the market roiling in high interest rates

- the US having high junk debt loads with student loans/cars/commercial

- Paul Atkins being blessed into the SEC, who was one of the main characters during the 2008 crash with mortgage backed securities

means this administration is basically planning to roll all this junk debt into a new type of digital security and jumble it into the stablecoin bill. It would effectively offload it to offshore shadow banks where default risk is held by foreign stablecoin users.

Its not only end users, but foreign shadow bank end users.

I believe its less about taxes and more about externalizing default risk, and generating a new market for junk bonds to foreign stablecoin holders since US adoption is minimal.

Its not only end users, but foreign shadow bank end users.

I believe its less about taxes and more about externalizing default risk, and generating a new market for junk bonds to foreign stablecoin holders since US adoption is minimal.

https://warpcast.com/monteluna/0xdc1c80e7

Highly recommend checking out all the videos here.

By hook or by crook, stablecoins will be an essential layer in the global monetary system for reasons explained in these lectures about how the current eurodollar system actually works.

Highly recommend checking out all the videos here.

By hook or by crook, stablecoins will be an essential layer in the global monetary system for reasons explained in these lectures about how the current eurodollar system actually works.

https://sites.bu.edu/perry/lectures/