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210 sats \ 0 replies \ @freetx 22 Mar \ parent \ on: The US Dollar is a private currency econ
it does everything that the Fed does by creating money as a way to scale US debt. The only thing it doesn't do is have the authority to set interest rates within a set of private banking institutions.
Yes. The next step in stablecoin wars are going to be interest payments. This will radically radically reshape the global currency market.
  • Tether buys $100M in US Treasuries
  • Treasuries pay tether 4.5% interest
  • Tether pays 2% interest to USDT holders and keeps 2.5% for operating income
  • USDT holder gets 2% interest automatically in wallet in monthly/daily increments
This will destroy most other national currencies.
  1. Hyper-dollarization
  2. Hyper-bitcoinization
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