Stablecoins: Where the Carrot Meets the Stick
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6 Comments
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Thank you so much for this informative article.
Thanks Mark for spelling out the global impact of pegging a digital currency, ( i.e. Stablecoin), to the U.S dollar and its potential ramifications for the 200 World Banks. Your clarification of the international aspect of that allowed me to better understand why we are in the midst of an “economic” WWIII.
What I would like to know is how this will work in an enviroment where a seperate financial system is in use to circumvent the use of the weaponised USD. A system where gold is avaiable for conversion from any partner nations currency due to international trade.
A currency convertable into gold is still going to be worth more than one backed by debt. USD $1MM btc isnt worth that much when a loaf of bread cost USD $50K in America.
It is the gold and crypto that is being weaponized.
Thank you Mark, this is very well written. Easy for me to understand.
I’d be curious to know more about the tokenisation of assets. How that will play out, what the risks are. Catherine mentioned a scenario in which a person defaults on their mortgage payments, and immediately the bank takes back ownership of part of the house, because that ownership is divised in many tokens and can therefore be taken back part by part. (If I understood correctly.)