According to Putin’s advisor, the US is secretly planning to shove $37 TRILLION in debt into crypto stablecoins, “devalue it,” and start fresh.
Yeah, because nothing screams “responsible fiscal policy” like turning the entire US economy into a giant memecoin rug pull. Next step: Jerome Powell drops a “WAGMI” tweet.
Read this madness yourself: https://www.sandmark.com/news/top-news/putin-advisor-warns-us-conspiracy-wipe-37tn-debt-using-crypto-gold
Putin’s Guy Just Dropped a $37 TRILLION Crypto Conspiracy Bombshell
byu/IceNo26 inbtc
Posted by IceNo26
3 Comments
All trust-me-bro (i.e. centralized) US-dollar-linked stablecoins are just another form of fiat money. Not even their supposed ~ 1:1 pegs against the dollar are guaranteed to hold – there have been many examples where they failed.
All US-dollar-linked stablecoins will suffer loss of purchasing power if the US dollar is devalued.
If you’re planning to hedge against the collapse of the US dollar, you can hopefully identify the problems with all these stablecoins, and pick something more resilient, whether it’s from among traditional asset classes, or from the “sound money” crop of decentralized, permissionless and scalable blockchains (very few real contenders there, as I picked those attributes on purpose for maximal protection).
Sounds like the endgame for the Tether scam.
This is such a dumb take, Us is trying to sell bonds to stablecoin issuers to make them help pay the deficit interest. Its a good plan…