it does everything that the Fed does by creating money as a way to scale US debt. The only thing it doesn't do is have the authority to set interest rates within a set of private banking institutions.

Yes. The next step in stablecoin wars are going to be interest payments. This will radically radically reshape the global currency market.

This will destroy most other national currencies.

econ

The US Dollar is a private currency

byzantine

> it does everything that the Fed does by creating money as a way to scale US debt. The only thing it doesn't do is have the authority to set interest rates within a set of private banking institutions.

Yes. The next step in stablecoin wars are going to be interest payments. This will radically radically reshape the global currency market. 

* Tether buys $100M in US Treasuries
* Treasuries pay tether 4.5% interest
* Tether pays 2% interest to USDT holders and keeps 2.5% for operating income
* USDT holder gets 2% interest automatically in wallet in monthly/daily increments 

This will destroy most other national currencies. 

1. Hyper-dollarization
2. Hyper-bitcoinization

