Alex has always been vocally very pro stablecoin, so Im not sure how to interpret this post. Especially when he posts on X right before how "dangerous" stablecoins are to countries that print their own money
Maybe he meant any country other than the US, since they will see unprecedented dollar demand at the expense of the others
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Read the essay
I EMPATHIZE with people in collapsing economies who use stablecoins
I am not pro fiat though