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Ev | ìœ ì§„ 🇨🇦
@tch
Who holds US Treasuries and why US was so open to stablecoins?
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standpoint.degen.eth 🎩
@standpoint.eth
There is also geopolitics. USD dominance is lowering. Stablecoins could allow to counterbalance.
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Ev | ìœ ì§„ 🇨🇦
@tch
It's US Treasuries that enable stablecoins, so since "no one" is buying US Treasuries (well simplifying a bit), so US govt is very happy that stablecoin narrative is going so well and supply is expanding so fast. Stablecoins can actually save the US economy, at least in some near-term future.
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Ev | ìœ ì§„ 🇨🇦
@tch
You don't get it, do you?
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