Given that USDC is governed by Circle, a US-regulated entity, it is probable that the US government will adopt it. Is it possible for Circle to evolve into a digital Federal Reserve?

![](https://m.stacker.news/42879)

It's an interesting perspective, given how our legal protections work. 

It would be much easier for the state to go through a private intermediary to invade our financial privacy and enforce their unlawful dictates, just like they've done with tech censorship.

I think USDC is more of a CBDC but USDT isn't far behind. 

grayruby

No, it's ostensibly a private company. This is how digital fascism works, though.

I thought it was already a US CBDC! Why they don't do any audits yet?

Coinsreporter

Tether buys US treasuries and freezes accounts at the request of the US gov. 
Tether uses account model with transparent chain for no privacy. 
Me thinks US gov don't mind Tether.

atori

Not only Tether but US is surely looking for a coin that serves the purpose of a CBDC. I also suspect Trump will adopt a stablecoin first to make fiat slaves happy.

IamSINGLE

Interesting. Is that because they're already accustomed to using dollars as a haven from their collapsing currencies?

Tether usage is growing in Latin America especially El Salvador 🇸🇻 Argentina 🇦🇷 Venezuela 🇻🇪 


Bell_curve

they will still be under the control of the US government and the Fed via pressure applied to the private company
US is trying to control every thing I the whole world 🗺 

Satoshi__Nakamoto

From Matthew Kratter's Bitcoin University

In this video, I discuss how it's likely that the US government and Federal Reserve may use a private company like Tether to issue and control the equivalent of a CBDC (central bank digital currency).

While these digital, programmable, surveillable dollars will not be technically issued by the central bank, they will still be under the control of the US government and the Fed via pressure applied to the private company.

This kind of private "CBDC" will create an infinite bid for US government debt to back it, thus helping to fund the same foreign policy adventurism that undermines other countries and their local currencies and thereby creates even more demand for US dollars as a safe haven.

This is the same playbook that has been used by the US government to undermine and bypass 1st Amendment and 4th Amendment protections by having corporations do the dirty work for them.

Bitcoiners should be focused on giving the world BTC, not USDT or other USD stablecoins.

bitcoin

From Matthew Kratter's Bitcoin University

## Video Description
> In this video, I discuss how it's likely that the US government and Federal Reserve may use a private company like Tether to issue and control the equivalent of a CBDC (central bank digital currency).

> While these digital, programmable, surveillable dollars will not be technically issued by the central bank, they will still be under the control of the US government and the Fed via pressure applied to the private company.

> This kind of private "CBDC" will create an infinite bid for US government debt to back it, thus helping to fund the same foreign policy adventurism that undermines other countries and their local currencies and thereby creates even more demand for US dollars as a safe haven.

> This is the same playbook that has been used by the US government to undermine and bypass 1st Amendment and 4th Amendment protections by having corporations do the dirty work for them.

> Bitcoiners should be focused on giving the world BTC, not USDT or other USD stablecoins.

Video DescriptionVideo Description