I’m with @npub1gdu7...6nak : Stablecoins don’t significantly contribute to net new demand for US treasuries, such that is strengthens the dollar and its reserve status - rather, stablecoins are more bullish for Bitcoin than the dollar.
If that triggers you, I suggest you watch this 14m presentation.
P.S. If you wait long enough, the bodies of Saifedean’s detractors eventually float by.
Thank you for your attention to this matter.
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I'll have to listen to this. Thanks for posting
That was spot on. I remember Kaiser having a similar take about usdt.
Shitty fiats being replaced by tether are already backed by US treasuries.
Bookmarked!