It's not 1971. It's 2025. Stablecoins are the new mechanism to amplify the network effect of the dollar + generate a (decentralized) new global buyer of US debt. 55% of the stablecoins are on the Ethereum Network. What does it all mean for ETH holders? Link to the Q2 edition of The ETH Report and supporting @Dune dashboard below 👇
Michael Nadeau | The DeFi Report
Michael Nadeau | The DeFi Report21.7. klo 23.13
Bessent is Kissinger. Trump is Nixon. Stablecoins are the new "petro dollar." Tether is the new Saudi Arabia. We just entered a new regime. A new "magic trick" — one designed to amplify the network effect of the dollar and decentralize the holder base of U.S. debt. It's not a "Mar-a-Lago accord" It's called the GENIUS Act --- I wrote about this last week for readers of @the_defi_report If you'd like to check out the latest research, you can so via the link below 👇
16,62K