Watching the vast adoption and creation of stablecoins really has me thinking that this is the new “QE”.
How does this play into M2 supply metrics? If they are all dollar denominate or other currency denominated…are they just becoming a derivative of the dollar, or just a new way to “print” money?
Is this how trump plans on saving the dollar, by bootstrapping it to “stablecoins” ?
Curious if anyone has thoughts on this. Something just feels off about how many stablecoins are being printed by banks and other platforms right now, offering super high yields.
I also feel like this pivot to stablecoin production really puts a spotlight on finite supplied assets…gold and btc being the first ones that comes to mind.