skininthegame

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

The stablecoin war to watch is US companies like JPM and X launching USD stables vs China and others launching their own

“stablecoins might save the US from collapse”

yes!! the pro-crypto regulations and anti-spending agenda will only strengthen USD (via USDC, USDT, etc) not weaken it

accelerating @tigfoundation | defi, ai, desci | cohort 0 @superchaineco | language swiss army knife & bullish on salsa 🇪🇨🇵🇷🇩🇪🇧🇷🇫🇷

If governments stop using USD for trade and stop buying UST, the system collapses unless new users and buyers come in

Onchain dollars create new users of dollars and new buyers of treasuries

a little confused.. stablecoins don't prevent printing more dollars (which is the main issue) - they reflect existing dollars rather than creating new demand. also, if things are going south, wouldn't this accelerate selling dollars, given their global accessibility? i'm in agreement that they're a great business, but not much on them 'saving the US from collapse'. what am i missing?