@andyjagoe

true? "every dollar that moves from banking into stablecoins net reduces the money supply (because the money banks “create” is more than the money created by stablecoin issuance), which was previously a Fed-only operation. Stablecoins also weaken the Fed’s power in implementing monetary policy via the fractional reserve banking system. That said, the benefits of stablecoins globally are indisputable: they spread dollar dominance, strengthen the USD reserve currency narrative, make cross-border payments more efficient, and immensely help people outside of the US that need access to a stable currency." https://x.com/bridge__harris/status/1904935626874773944

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