pull down to refresh
62 sats \ 3 replies \ @justin_shocknet 21 Mar \ on: ECB is desperate to lauch Euro backed Tether in defense of the US Stablecoins econ
They're trying to delay the inevitable death of the Euro
Stablecoins are a threat because it allows people outside of the US to use the dollar digitally, including Europeans. Nobody outside the EU is going to use the Euro... but a digital Euro UX might be enough to keep the most cucked Europeans from experimenting with foreign digital wallets.
I opine that Euro will be the first to die out of world's top 5 fiat currencies. Right now they are no. 2 but the times aren't far when other currency will displace them and that wi see the fall of ECB and Euro.
What's ECB? It's essentially an agreement between the most disagreed nations historically.
reply
Based on this list yea I think you're exactly right, even Europe doesn't use the Euro where it matters... UK is out, Norway is the energy powerhouse but does its own thing, hard to imagine Germany getting its shit together in time... their panic over US Stablecoins tells you they know their is no demand for their shitcoin.
reply
They are not going to use... JPY in the EU.
Having said that, I can definitely see the appeal of US dollar stablecoins... even in the EU. I hadn't thought about that angle with regards to the EU CBDC
reply