Too little too late. Gross stablecoin issuance would have to go up 10x from here in a very very short period of time to have any meaningful impact on helping finance the US’s massive (and growing) fiscal deficits. And that’s just for ONE SINGLE year. NOT cumulative.
The current accumulated 100+ billion in stablecoin issuance sounds like a big number, but it is just a few weeks worth of US fiscal deficits that need financing.
If this is “their plan”, it’s a really short sighted one.
Just sayin. 🤷♂️
cmad / Chris
npub1yc…nx4rf
2024-05-20 19:23:14
in reply to nevent1q…qzsz
Author Public Key
npub1ycxn4qst07x7yr6fwfe9nxd347ytpnz42n9r37tgrjxk2lsy8nps0nx4rfPublished at
2024-05-20 19:23:14Event JSON
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"content": "Too little too late. Gross stablecoin issuance would have to go up 10x from here in a very very short period of time to have any meaningful impact on helping finance the US’s massive (and growing) fiscal deficits. And that’s just for ONE SINGLE year. NOT cumulative. \n\nThe current accumulated 100+ billion in stablecoin issuance sounds like a big number, but it is just a few weeks worth of US fiscal deficits that need financing. \n\nIf this is “their plan”, it’s a really short sighted one. \n\nJust sayin. 🤷♂️",
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