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I don't really see why they would go that route, rather than just continuing the soft default of normal money printing.
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I think probably the Russian was just speaking off the cuff, and there's no real concrete plan to use Stablecoins as a subtle default strategy
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I think it is part of a default strategy, but it's just an extension of the strategy they've been pursuing for the past century rather than a brand new one.
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Thanks. Does it make sense to you now? It still does not make sense to me. How do you devalue ‘tokenised instruments’ that are denominated in the base currency?
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What Did Kobyakov Actually Say?
Is There Any Basis to This—And What Could It Mean?
1. Real Strategy or Rhetoric?
2. Current U.S. Policy on Stablecoins
3. How Stablecoins Actually Interact with U.S. Debt
Hypothetical Mechanisms—If One Slipped Through the Legal Net
Summary Table
Bottom Line