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100 sats \ 2 replies \ @3a42879d5f 9 Sep \ on: Putin Adviser Alleges US Will Use Stablecoins to Address Debt econ
Jack Mallers has been talking about his theory of Trump's plan to debase the dollar against gold and bitcoin.
Foreign countries aren't buying US treasuries anymore. They're considered junk.
Foreign individuals do want stablecoins like USDT. Tether is one of the largest holders of US treasuries.
Over time, Tether will buy more T-bills. USDT backed by US treasures a.k.a. dollar a.k.a. US debt instruments.
Then when the time is ready, the Fed does the big print. Money printer go brrr. Dollar value tanks vs. Bitcoin. Oh that USDT you're holding? Worthless against Bitcoin. Bitcoin Strategic Reserve strong, very strong.
Something like that idk
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0 sats \ 0 replies \ @kepford 10 Sep
Mallers isn't the only one that's been saying this for a while now.
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0 sats \ 0 replies \ @SimpleStacker 9 Sep
Yeah, this makes sense. As undisciplined said, it's just another part of the same printing strategy, just printing it to a new demand market that previously couldn't buy US denominated instruments directly.
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