cc @292 @4 @3
Subject: Bullshit in the pipeline
Stablecoins will happen in the U.S. because BlackRock and the banks want them to happen.
This could not be more obvious.
The new BlackRock BUIDL fund on Ethereum is a high bandwidth pipeline between U.S. Treasuries and USDC.
Pipelines will bring trillions onchain.
The USDC issuer Circle is (likely) will IPO soon. BlackRock has ownership in Circle.
The banks will backdoor themselves into stablecoins - by acquiring/partnering/controlling crypto native companies - and they'll lobby for stablecoin legislation and make it happen along the way.
The US does not have the political will to build a central bank digital currency. They're create one defacto through private bank issued stablecoins on public crypto networks like Ethereum.
As long as we preserve open, permissionless, decentralized protocols like Ethereum at the bottom of the stack - then crypto wins.
The liquidity and legitimacy from this will make crypto unstoppable.
What the chain says
- Block
- 839 727
- Time
- 2024-04-11T20:02:54Z
- Signer
- 1CDewE8KmeD24eanbCV9rbvYQT4VVb35sp
- App
- twetch
- Type
- post
- Content type
- text/plain
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
1CDewE8KmeD24eanbCV9rbvYQT4VVb35sp Verified