Plus, the rich aren't stupid...They all have self-custody Bitcoin in case the Proles try to eat them :)

FYI - USDT (Tether) already has 400M users. USD Stablecoin will bank 5B non-citizens very quickly :)

From AI -Japan has announced plans to adopt XRP for nationwide payments by the end of 2025, a move that could revolutionize cross-border transactions and accelerate the adoption of blockchain technology in finance.

Not to defend Epstein, but it’s thought he made his money legally. It was his sick hobbies that sent him to prison.

Amazing that people have still not figured out that the USD (as well as all fiat) is the greatest Ponzi scheme the world has ever seen. Bitcoin is actually the anti-Ponzi. MSTR and Metaplanet spins Ponzi fiat into scarce digital gold.

Almost every conflict and global scam on Earth can be traced back to the City of London. They know their days are numbered and will lash out even more to maintain their criminal grip. India knows. Pakistan knows. Iran knows. Israel knows. Russia really knows. China knows...Who the real enemy is.

Do you really think Russia and China are our enemies? They are not. They are just rivals.

Soros is a top lieutenant for the City of London and as much as I loathe the nation state and want open society, global communism is not the answer...Pax Americana is! Reagan and Bessent are heroes.

Trying to galvanize support by creating a fictitious enemy? No matter your arguments, I am not buying it as a better answer for the US economy.

For all stablecoins authorized in the US, it must be backed by US Treasury offering. Why? Because the BBB (big beautiful bill) just authorized a ginormous spending increase while the demand for US Treasury offerings are declining.

So the stable coin scheme is a way to finance the US treasury ever increasing need for debt financing. ie, a savings account for US Treasury with no interest, for the luxury of digital spending? A digital coin based upon US Treasury's buying is still belief in "fiat" currency. . as the relationship is still 1 to 1 and requires backing of the US Dollar with treasury instruments.

What the Genius act pushers are selling without acknowledging the potential, is that there can be a US stable coin buyers strike, or liquidation, for currently unknown reasons, but most likely it will be the same reason, lack of adequate security reasons which may result in coin theft in large proportions, wreaking havoc on the demand for digital coins. .

If the US dollar continues to fall, then wanting US stable coins by foreigners will be in decline, no different than Zimbabwe stable coins, when Zimbabwe currency was falling into banana republic levels. . .

It's a government gamble on grifting the rest of the world into buying US treasuries to maintain the US huge debt growth. If the US debt and expected growth and tax reductions doesn't produce the economic results expected, and so far, the past historical attempts haven't produced the results expected, the "poof" of digital coins might be US Dollar threatening for the US treasury and the US Dollar, upon which the US stable coins are based. .

Turkey tried the populist very low interest rate strategy and the lira lost a very large percentage of value, relative to other economies. . so be careful for what you wish for in a quick fix solution. . .

Are you actually Mr. QAnon?

The few productive people have 75% of their earnings stolen from them by the many voting parasites. Is that something we should emulate?

I lived in that dump for many years.

Ahh, You got me! Yer sooo smart! Yer a GENIUS!

All global commodities are priced in USD.
What other fiat can take the place of USD?
The value is to bypass costly foreign exchange/delays and local currency theft for those outside USA.
This will strengthen dollar demand globally.

"Galvanize Support" "Fictitious Enemy"...Wut? All fiat is a criminal Ponzi and debt is it's very nature...It is loaned into existence at interest. The City of London/BoE is a criminal fiat mafia and has been stealing from everyone for 400 year. I Don't care about anyone's "Support".

USDT has 400M users...They must be fools.

Anyhoo...The point is...Stablecoin is going to seriously boost demand for USD/UST whilst obsoleting every other fiat currency and boost economic activity globally. Invest accordingly. I wish you all a tenbagger or two!

Geeez...LOL. Boomers make me laugh.

I'm not saying that someone in this thread, especially the last page or two, is coming off as a possibly unhinged individual, so I won't say it. But yeah. Perhaps an indication of an onset of a memory condition? I mean, that's where I've seen it before.

OK, Boomer. Go back to your television.

I'm probably younger than you. I'm Gen-X. So, do you even live here or are you on the forum to troll for elderly suckers to invest in your interests? Ohhhh, I see. You're an engineer and maybe a chemist, so you have spent your whole life in a cubicle or a self-imposed Asperger's bubble. All theory and academic and little practical experience. Now I get it.