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rick awsb ($people, $people)
Crypto Newbie
1d ago
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Fiat currency offers benefits on one side and obligations on the other. The US dollar is a global currency, bearing both global benefits and global obligations. When you try to reduce obligations, your benefits inevitably suffer. How can you avoid or minimize these losses? The solution is to issue a US dollar stablecoin. The cost of infiltration using a stablecoin is lower than direct infiltration using fiat currency, but the benefits are no less. This is an asymmetric benefit. The US dollar stablecoin is a cunning strategy. National competition is shifting from competing on the upper limit to competing on the lower limit. Simply ensuring your lower limit is slightly higher than others can achieve the same goal, at a much lower cost. It's just that the reputation is less respectable. It's a form of pragmatism, a shift from idealism to pragmatism.
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