The world’s first yen stablecoin, JPYC, could make one-second transfers costing less than ¥1 a reality. https://www.japantimes.co.jp/business/2025/10/27/tech/jpyc-first-yen-pegged-stablecoin/?utm_medium=Social&utm_source=mastodon #business #tech #jpyc #stablecoins #currencies
Jonathan Schofield
boosted
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Alex Akselrod
boosted
NYT article about Changpeng Zhao’s quest for a presidential pardon. Worth remembering that Trump’s World Liberty Financial has already launched its #stablecoin#USD1 mostly on the Binance blockchain (BNB) and USD1’s usage in decentralized finance is 99% happening on Binance fake decentralized exchanges (PancakeSwap).
* NYT: https://www.nytimes.com/2025/08/09/us/politics/changpeng-zhao-pardon-trump.html
* Chart of USD1 DEX usage: https://x.com/Cryptadamist/status/1953550895268212945
#CZ#Binance#BNB#BNBChain#WLFI #worldlibertyfinancial #trump #uspol #uspolitics #pardon#corruption #pardons #stablecoins #crypto #cryptocurrency
NYT article about Changpeng Zhao’s quest for a presidential pardon. Worth remembering that Trump’s World Liberty Financial has already launched its #stablecoin#USD1 mostly on the Binance blockchain (BNB) and USD1’s usage in decentralized finance is 99% happening on Binance fake decentralized exchanges (PancakeSwap).
* NYT: https://www.nytimes.com/2025/08/09/us/politics/changpeng-zhao-pardon-trump.html
* Chart of USD1 DEX usage: https://x.com/Cryptadamist/status/1953550895268212945
#CZ#Binance#BNB#BNBChain#WLFI #worldlibertyfinancial #trump #uspol #uspolitics #pardon#corruption #pardons #stablecoins #crypto #cryptocurrency
"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
Alex Akselrod
boosted
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
Alex Akselrod
boosted
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”).