While Circle CEO Jeremy Allaire has no choice by to assume the position at the behest of his daddy gimp Coinbase CEO Brian Armstrong, I hope that for those of you who trade anything "stablecoin" related in the public equity markets this essay can prevent...
Welcome to the age of stable-shitcoins
Great article Arthur! I dig your writing style and always learn something. Please keep informing!
Dope work as always Mr Hayes... Great seeing you at Token2049
Hey Arthur. Really loved the read, and I’ve been a longtime fan.
It pushed me to finally publish something I’ve been working on: expanding on your geopolitical take on stablecoins.
You nailed the capital markets layer. I tried to build on it with a 3-post thesis looking at how the U.S. might be using:
• Liquidity control to freeze adversaries
• Shadow rails like Tron/USDT to bypass chokepoints
• Stablecoins as tools to absorb debt and extend dollar power
Would love your take if you ever get the chance.
Curious what others here think too is this deliberate strategy, or just the natural drift of fintech + geopolitics?
https://shadowfinancesketch.substack.com
Star Spangled 😂
Love it Arthur. Thanks!
Came here after a suggestion by @The Weekly Insight , great insightful article. Thanks for sharing.
So is libre dead dead?
TLDR…Stick with USDT. Thanks for the edjumacation.
Good read thanks!