The End of Stablecoins (Goodbye, Tether)
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In this video, I discuss how the US government is in the process of shutting down ALL stablecoins like USDC and BUSD-- and soon to come, USDT.
The US gov simply will not allow public or private corporations to issue US dollars or USD stablecoins. That is a very special power reserved for the money cartel, Federal Reserve and US banks.
If Circle or Tether were still allowed to do it, what's to stop China or Russia from issuing their own USD stablecoins and thus obtain various currency powers?
The crypto industry still doesn't understand that ALL USD stablecoins are going to zero. They will be regulated out of existence. Expect a lawsuit or other attack on Tether and USDT in the coming months.
When the dust settles, the only major crypto asset that will be left standing in the US is Bitcoin. Prepare your crypto portfolio accordingly.
An implosion of Tether would actually be bullish for BTC, as capital outside of the regulated banking system finds its way from USDT to BTC.
Not investment advice! Consult a financial advisor.
USDC stablecoin:
https://www.gemini.com/cryptopedia/wh...
Circle CEO begging to be regulated:
https://www.forbes.com/sites/ninabamb...
BUSD:
https://linen.app/articles/what-is-bi...
SEC sues Binance:
https://www.cnbc.com/2023/06/05/sec-s...
Paxos receives a Wells notice from the SEC:
https://paxos.com/2023/02/13/paxos-is...
USD stablecoins by market cap:
https://coinmarketcap.com/view/stable...
Fed didn't want Custodia to issue stablecoins:
https://www.federalreserve.gov/newsev...
https://www.coindesk.com/policy/2023/...
Should Bitcoin Be Backed By Something?
• Should Bitcoin Be Backed By Something?
DAI generated by collateral:
https://daistats.com/#/
Curve Finance CEO cashes in:
https://www.theblock.co/post/232464/c...
/ 1668986794715561985
CryptoNomad tweets:
/ 1663549545920499714
/ 1664258486044073984
Goodbye, HEX:
https://coinmarketcap.com/currencies/...
USDT selling on Curve:
https://www.coindesk.com/markets/2023...
Tether CEO says let them come:
https://decrypt.co/144735/tether-cto-...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#tether
#stablecoins
#crypto
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