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0 sats \ 1 reply \ @SpaceHodler 3h \ parent \ on: Theory that stablecoin issuance is an attempt to wipe out US debt econ
It's kind of funny.
Before Bitcoin there was a centralized digital currency, E-gold, and the government shut it down, using the argument that it facilitated money laundering.
And now the US government is allowing stablecoins, which are effectively the same thing, but backed by the USD rather than gold and they buy US treasuries. So maybe it wasn't about money laundering after all.
True
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