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176 sats \ 2 replies \ @justin_shocknet 8h \ parent \ on: Tether, SoftBank Group, and Jack Mallers Launch Twenty One bitcoin
It'll end up being the US franchise of Tether that gets them access to our equity markets and possibly other favorable treatment by the treasury
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0 sats \ 1 reply \ @BlokchainB 7h
So is Jack getting in bed with Palo and team to combat circle and the big banks for stablecoin dominance in USA?
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137 sats \ 0 replies \ @justin_shocknet 7h
Seems that way, depending who we define as big.
Very likely that domestic banks will have some exposure or render services to this, and it's really central banking that is being disrupted... not so much banking in general.
Elimination of the Fed in favor of the Treasury should be good for banks currently subordinate to the Fed and not the masters of it.
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