I have a new essay up at Reason on why Trump is not the Bitcoin president
He’s the stablecoin president
Bitcoin separates money from state, but stablecoins expand and strengthen state power
http...
You missed the part where stablecoins are used to normalize CBDCs.
We are in a transition from the current rails -> regulated stablecoins (plus tokenized deposits) -> phased CBDCs, with years of overlap.
Many people will tell you how stablecoins are useful to the US government because they buy treasuries.
However, they are much more useful to the US government because they are the Trojan horse that normalizes programmable money (CBDCs).
Context:
We are in a transition from the current rails -> regulated stablecoins (plus tokenized deposits) -> phased CBDCs, with years of overlap.
Many people will tell you how stablecoins are useful to the US government because they buy treasuries.
However, they are much more useful to the US government because they are the Trojan horse that normalizes programmable money (CBDCs).
Context: