The expansion of the stablecoin market could further strengthen dollar hegemony. Central banks' approach to these digital currencies is seen as an extension of the traditional monetary system into the blockchain world. Especially dollar-based stablecoins are gaining more influence in global trade and financial flows, while the US monetary policy's influence in international markets is increasing.
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GateUser-7b078580
· 11h ago
Stablecoin expansion = dollar wrapping, the data is right here
Let's wait and see how the central bank plays this trick
However, how much will the miners' gas fees eat up?
Patterns have been observed, systems that will eventually collapse still need to be tied to the dollar
The historical lows have been passed, now it's just a name change to continue harvesting profits
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MetaMisery
· 11h ago
The expansion of stablecoins is just the US dollar wearing a disguise. Do you really think it can be decentralized?
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VitalikFanboy42
· 11h ago
To be honest, stablecoins are just the US dollar in disguise... Blockchain was originally meant to be decentralized, but in the end, it's still tightly controlled by the Federal Reserve.
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ser_ngmi
· 11h ago
The expansion of stablecoins is just the US dollar wearing a different disguise to continue the harvest; there's really nothing new.
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QuietlyStaking
· 12h ago
The USDT system should have been broken long ago. Why does the Federal Reserve get to decide?
The expansion of the stablecoin market could further strengthen dollar hegemony. Central banks' approach to these digital currencies is seen as an extension of the traditional monetary system into the blockchain world. Especially dollar-based stablecoins are gaining more influence in global trade and financial flows, while the US monetary policy's influence in international markets is increasing.