Crypto and the Trump Admin could experience friction over stablecoins.

Some in the Admin want to devalue the $ to spur domestic industry. Others don’t because this would diminish reserve-currency status/global influence.

Bringing stablecoins to billions of people would increase $ demand and make devaluing harder

If you owe the bank $100, that's your problem.

If you owe the bank $100 million, that's the bank's problem.

If you have trillions of dollars of a state's fiat onchain, it might become the state's problem.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

depends who the counterparty is

the state can easily rug the treasury bonds too, but there are consequences

at the end of the day it's just money in a bank account. the state can easily destabilize the entire crypto industry by seizing even a portion of the assets