{"type":"rich","version":"1.0","title":"LiberLion wrote","author_name":"LiberLion (npub1wp…hzs7p)","author_url":"https://yabu.me/npub1wpzpvzfkn4m754fasp0wnt6ck20ycww4kz9nj4n5rquu9ul7a0xq4hzs7p","provider_name":"njump","provider_url":"https://yabu.me","html":"I've been saying it for over two years now: Dollar-backed stablecoins are the US CBDC\nhttps://x.com/liberlion17/status/1692104916767011163\n\nThe plan consists of rescuing the dollar from its immense issuance to tokenize it with private issuers and banks, as a preliminary step to its transformation into a privately issued CBDC: the eDollar, with a conversion rate of (for example) 1000:1.\n\nFacts:\n\nThe four main stablecoin issuers (Tether –USDT–, Circle –USDC–, First Digital –FDUSD–, and Paxos –PYUSD–), and now collectively hold around $182.4 billion in 🇺🇸 US Treasury securities, and growing, more than 🇸🇦 Saudi Arabia, 🇰🇷 South Korea, 🇩🇪 Germany, and 🇦🇪 UAE. That figure would place them, if they were a country, in 17th place in the international ranking of US debt holders.\n\nWith the GENIUS Act, the U.S. regulates issuers, mandates Treasury backing, and turns the tokenized dollar into a geopolitical weapon.\n\nThe GENIUS Act requires foreign issuers that want to operate on a large scale to submit to US oversight. This means that the country not only controls its currency, but also extends its regulatory influence over global financial players disguised as crypto.\n\nFrom crypto rebel → backbone of the dollar empire.\n\n#Stablecoins #GENIUSAct #USTreasuries\n"}