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The Chinese have worked it out: stablecoins are the privatisation of money
- jqpabc123 1y agoThe Chinese are one step ahead of our "leadership". Without effective regulation and oversight, "stablecoins" could easily be fraudulent. It's impossible to know for sure but with every financial incentive in favor of it, only a fool would bet otherwise. Next up --- the Chinese have worked out that a trade war is simply unwinnable --- any concessions will be met by more demands so why play along at all? And by extension --- "America First" isn't about making America great again but rather making it easy for entrenched interests to profit from it's demise. With our current trajectory, all the Chinese have to do is stay the course and wait --- for us to surrender and declare victory.
- wmf 1y agoNone of this applies to the US since the GENIUS act passed.