๐Ÿ›’ Get The Hottest Crypto Deals ๐Ÿ‘‰ https://www.coinbureau.com/deals/
    ๐Ÿ“ฒ Insider Info in my Socials ๐Ÿ‘‰ https://www.coinbureau.com/socials/
    ๐Ÿ”ฅ TOP Crypto TIPS In My Newsletter ๐Ÿ‘‰ https://guy.coinbureau.com/signup/

    ~~~~~

    ๐Ÿ“บEssential Videos๐Ÿ“บ

    USDC Depeg Explained ๐Ÿ‘‰ https://youtu.be/OGhLklnDenU?si=40LwXEmioDAOSi8P
    Debt Ceiling Raised ๐Ÿ‘‰ https://youtu.be/IrT4xcg-rxE?si=QinXysAkeRymHigZ
    Fed Warns Banks ๐Ÿ‘‰ https://youtu.be/7M5VgW57WIU?si=chGeoEb3Z6xwPbeS
    Stablecoin Regulation Hearing ๐Ÿ‘‰ https://youtu.be/a67KSMw95dA?si=WRFhGwDLU6NAVEtT

    ~~~~~

    โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

    โ–บ Fed Stablecoin Report: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4580392
    โ–บ The Ultimate Guide to Stablecoins: https://www.coinbureau.com/guides/guide-to-stablecoins/

    ~~~~~

    – TIMESTAMPS –
    0:00 Intro
    0:29 Stablecoins And MMFs
    4:15 Growth And Reserves
    8:14 Run Risk
    12:02 Depeg, Breaking The Buck
    14:34 What Does It Mean For Crypto?
    19:31 Outro

    ~~~~~

    ๐Ÿ“œ Disclaimer ๐Ÿ“œ

    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

    #Crypto #Fed #Stablecoins

    39 Comments

    1. Affected by both ust and usdc. I moved from usdc to usdt for a4% lossโ€ฆthought it was right moveโ€ฆbut it was the only time I should nt have done anything

    2. ๐ŸŽฏMain takeaway:
      The Federal Reserve has published a report highlighting the similarities between stable coins and money market funds, emphasizing the risks of runs and flight to safety. The report suggests that stable coins could become a source of financial instability and invites regulatory scrutiny. The implications for the crypto market include potential regulatory crackdowns on stable coin issuers and increased scrutiny from the SEC.

    3. The federal reserve isnโ€™t a federal body. Itโ€™s a private bank. This bank should not be pushing for laws they arenโ€™t allowed to make. This again is where the people must drawn a line in the sand. If we choose a currency over a fiat counterpart. That is OUR choice. Itโ€™s better for these stable coins to stop pegging to USD. The USD is dying anyway.. ๐Ÿ˜Š

    4. The only mega bank with influence is JPM. Only watch them. The others are all in the sin bin. You could also look at BNY Mellon as they are custody.

    5. Iโ€™ve said this for years, Most of if not all current tokens, altcoins, stablecoins, crypto exchanges are all shitcoins & trash. BITCOIN ONLY HODL!!!

    6. Of course they are coming after them…every time people remove money from the traditional banking system it is draining the debt based banking system. Every dollar taken out is removing approx 10 dollars of debt, which is 10 dollars of liquidity for banks. But hey, the usa is no longer the center of the world and they are just trying to make their citizens trapped in debt system…the rest of the world can just tell the fed to do one.

    7. STABLECOINS are safe when the real USD (or other currency) backing them are in legal trust accounts, regulated and monitored. So what's the issue? A lot of politics is about CONTROL. That's why Nixon ramped up the War on Drugs by classifying marijuana as a "narcotic" with the same penalties as heroin. Ruthless people like that are in our governments NOW, and they do NOT respect our human rights. Freedom is not free. We have to stand up.

    8. as lomng as stablecoins are backed by something we are good ๐Ÿ™‚ and it would be good if something besides USDT starts taking the market share

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