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https://warpcast.com/~/channel/politics
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Zack Guzman 🎩
@zguz
NEW: As President Trump's tariff strategy plays out, it's becoming clearer that crypto will play a leading role At the same time Trump was in the Rose Garden, a House Committee passed a critical stablecoin bill I chatted Tether CEO Paolo Ardoino to uncover the link 🧵
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Zack Guzman 🎩
@zguz
One thing is extremely clear: Trump is taking on China head first He's using tariffs to bring China to the table as China has increasingly grown its sphere of influence around the world: Look at the Panama Canal Look at El Salvador But China holds nearly $1T in US Debt 🔫
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Zack Guzman 🎩
@zguz
Trump has sought to achieve taking on China while also maintaining a couple things: - The dollar remaining the chosen reserve currency around the world - The US government being able to borrow for cheaper than it otherwise would But what if China isn't there to buy US debt?
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Zack Guzman 🎩
@zguz
Enter stablecoins, the digital dollars on the blockchain that can exist anywhere and everywhere Tether, the largest, has a market cap of ~$150 Billion. They made $13 billion in profits last year They also nearly matched *THE UK* in terms of how much US debt they bought in 2024
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Zack Guzman 🎩
@zguz
And as the US takes on China around the world, stablecoins like Tether will play an interesting role: As Paolo tells me, they buy US debt and get dollars in the hand of people in emerging markets That's more powerful than just having a nation state buy US debt Why?
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Zack Guzman 🎩
@zguz
Having a stablecoin in your wallet gives people direct access to dollars. They use, save, spend, think in dollars In El Salvador, where Tether is based, the economy is already dollarized Nonetheless, China paid $55 million to fund a national library to stamp China's name on it
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Zack Guzman 🎩
@zguz
If there is a man who understands the significance of stamping a name on the side of a building, it might be Trump It's a microcosm, but Trump thinks that if the US is going to take on China it must be now. And he'll need a bidder of US Debt Hence, Congress passing stablecoins
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