This is what I have been pondering all year. Are all these super smart institutional buyers missing the forest for the trees or deliberate actors. One thing that could force the tether train wreck to happen is if this bill gets passed:
<a href='https://www.investopedia.com/new-stablecoin-bill-raises-hackles-of-crypto-community-5090337#:~:text=What%20Is%20the%20STABLE%20Act,banking%20regulations%20in%20their%20jurisdiction'>https://www.investopedia.com/new-stablecoin-bill-raises-hackles-of-crypto-community-5090337#:~:text=What%20Is%20the%20STABLE%20Act,banking%20regulations%20in%20their%20jurisdiction</a>.
It would make circle/Goldman Sachs USDC the only regulated stable coin in town and open the door to black listing the rest.
This is what I have been pondering all year. Are all these super smart institutional buyers missing the forest for the trees or deliberate actors. One thing that could force the tether train wreck to happen is if this bill gets passed:
<a href='https://www.investopedia.com/new-stablecoin-bill-raises-hackles-of-crypto-community-5090337#:~:text=What%20Is%20the%20STABLE%20Act,banking%20regulations%20in%20their%20jurisdiction'>https://www.investopedia.com/new-stablecoin-bill-raises-hackles-of-crypto-community-5090337#:~:text=What%20Is%20the%20STABLE%20Act,banking%20regulations%20in%20their%20jurisdiction</a>.
It would make circle/Goldman Sachs USDC the only regulated stable coin in town and open the door to black listing the rest.