CandleFocus Stablecoins Are Not Your Friends
2024-11-19
Author: Content Editor
The article discusses the idea that stablecoins, often seen as a solution to the volatility of Bitcoin, are actually a trojan horse for the US Dollar and the legacy financial system. It argues that stablecoins, while helping with volatility, give the US Treasury a way to sell treasury bonds and increase surveillance of foreign financial activity. The article also criticizes stablecoins for their security risks and their promotion of the idea that blockchain technology is separate from Bitcoin. The author urges people to focus on Bitcoin and not get entangled in stablecoins.
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