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BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Do You Think the US Should Be Incentivized to Issue Dollar Substitutes?
I think in general, I'm in the George Sheldon camp of at least this part of the monetary and philosophical space. Letting competition for these dollar substitutes in the crypto space work is just an extension of what we've currently allowed in the euro dollar system with dollar substitutes that are generated by shadow banks. And so people will accept that token, that dollarized token to the extent that it meets the purposes, right? And it might be a risk premium attached to it. There's dollar substitutes like that floating around. So I think here's another mechanism to potentially dollarize the world in a more efficient way.
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