"Why The Stablecoin Hype Won't Reach Americans' Wallets Anytime Soon
Stablecoins offer promising improvements for cross-border transactions. But for domestic payments in developed economies, they’re a solution looking for a problem."
Jeff Kauflin for @Forbes
the trump and witkoff families' #stablecoin#USD1 has existed for like 4 weeks and it's already seeing more reported trading volume than the coinbase aligned Circle's stablecoin #USDC, which i'm sure is because of entirely legitimate financial activity and not because chinese crypto exchanges like #Binance and #OKX are wash trading and/or reporting fake volumes
#corruption #trump #stablecoins#geniusAct #uspol #uspolitics #crypto #cryptocurrency#WLFI #worldlibertyfinancial #stevewitkoff#CRCL#Circle
the trump and witkoff families' #stablecoin#USD1 has existed for like 4 weeks and it's already seeing more reported trading volume than the coinbase aligned Circle's stablecoin #USDC, which i'm sure is because of entirely legitimate financial activity and not because chinese crypto exchanges like #Binance and #OKX are wash trading and/or reporting fake volumes
#corruption #trump #stablecoins#geniusAct #uspol #uspolitics #crypto #cryptocurrency#WLFI #worldlibertyfinancial #stevewitkoff#CRCL#Circle
whenever the price of #bitcoin starts to drop because of global instability (or any other reason) “investors” immediately decide to send billions of dollars to #Tether, a financial company that more or less openly works with #Iran, has almost no employees, has been linked to hundreds of financial crimes, and has never produced an audit to prove it actually has all the money it says it does to back its #stablecoin#USDT. it's like clockwork.
today’s crash saw an immediate creation of $2 billion USDT, 100% of it on Donald Trump’s new business partner Justin Sun’s blockchain Tron (AKA “the crime chain”).
whenever the price of #bitcoin starts to drop because of global instability (or any other reason) “investors” immediately decide to send billions of dollars to #Tether, a financial company that more or less openly works with #Iran, has almost no employees, has been linked to hundreds of financial crimes, and has never produced an audit to prove it actually has all the money it says it does to back its #stablecoin#USDT. it's like clockwork.
today’s crash saw an immediate creation of $2 billion USDT, 100% of it on Donald Trump’s new business partner Justin Sun’s blockchain Tron (AKA “the crime chain”).
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