Assuming that’s correct, $6T of US Treasuries will be bought and the BoA CEO will have to convince the US government that it’s a terrible idea. I’m quite sure the argument can be made, and I look forward to hearing it.
Bank of America CEO warns up to $6 trillion in deposits could shift to stablecoins if allowed to pay interest theblock.co/post/385724/bank…
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Massive!! LFG!!!
MAINNET IS ALIVE. DROSERA IS REALITY.
Join the Early Supporters initiative:
app.drosera.io/early-support…
Simple question, based on a simple notion I have been operating under. Aren't yield-bearing stablecoins securities?
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In TradFi you have Real Options - I get the sense that this is the reinvention of that at scale through Drosera as a clearing market.
Someone else's observation, need to check the math, hard to follow:
In common:
BLUE ∩ RED = E 💊🕺💃🏻
The difference:
BLUE △ RED = BLURD 😶🌫️
Who knows 🤷🏻♂️....
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Back in 2018 during the Maker days, we saw Dai as a clearing mechanism—but sensed USDC could become the de facto retail CBDC for the US and beyond. With Circle’s IPO, that vision takes a major step forward.
Congrats to @circle—UDHC is proud to be an investor. Stablecoins aren’t just crypto’s killer app—they're finance's. On-chain is the new standard.
I know three things. There is little weighting when wrong on a negative view, so you don't lose much on being negative. A crisis creates wholesale prices, so look out for those sales. You need institutional money to ride this train, so step aside when you see it coming.
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The House Stablecoin vote was advanced yesterday. Now, all eyes turn to the Senate, but I am looking internationally. How will mutual recognition be achieved with international frameworks? Will they harmonize or strike out on their own? And where does this leave Tether?
Given that stablecoins are the foundation to creating an onchain economy, and eventually expanding finance to include onchain finance. Knowing what is coming down the public policy pipeline is crucial.
Good speech on Stablecoins by Fed Gov. Waller -> federalreserve.gov/newsevent…
What if meme coins removed much friction between an idea and a business? Granted, you would have more absolute AND relative failures, but it would be relatively cheap and produce MORE absolute successes - due to a quicker path to PMF and success. #memecoinmath
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Someone once said that the freedom to financially transact is a fundamental right. Stable coins are core to the evolution of that freedom - we just need to enable them.
ledgerinsights.com/crypto-cz…
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