jackspirko on Nostr: Lots of people are speculating on what the Trump's new ð© coin will be. It is ...
Lots of people are speculating on what the Trump's new ð© coin will be. It is called "World Liberty Finance"
Prediction it won't be a typical ð© coin, as in speculative for gain. It will be a stable coin like Tether but TETHERED to US Bonds to earn a yield. Likely you will be able to use it as currency or lock it to bonds.
Remember when I said they would pull Stable Coins under FDIC to spread the dollar back across the world? This would be a short cut to do that.
FWIW I don't hold or use any stable coins but I don't hate them like I hate most "crypto". That is not an endorsement implied or otherwise of this Trump project.
I just see a point for stables. Mostly for traders and people who want access to the dollar in ð© hole countries that other wise can't get access to it.
But when the reality of Trump's coin drops, remember who said it first.
Prediction it won't be a typical ð© coin, as in speculative for gain. It will be a stable coin like Tether but TETHERED to US Bonds to earn a yield. Likely you will be able to use it as currency or lock it to bonds.
Remember when I said they would pull Stable Coins under FDIC to spread the dollar back across the world? This would be a short cut to do that.
FWIW I don't hold or use any stable coins but I don't hate them like I hate most "crypto". That is not an endorsement implied or otherwise of this Trump project.
I just see a point for stables. Mostly for traders and people who want access to the dollar in ð© hole countries that other wise can't get access to it.
But when the reality of Trump's coin drops, remember who said it first.