Bitcoiners may feel rugged, but zoom out: the U.S. sees stablecoins as a route to dollar dominance, making everything else in crypto secondary.
Bitcoin doesn't need them; the stablecoin industrial complex does.
Bitcoin doesn't need anything from these people. But the stablecoin industrial complex (every major bank wants in) needs them badly. So, incentives were always going to align.
I don't think this means the Bitcoin Reserve idea is dead, but it does mean it's taking a back seat to what they think is the "bigger picture."
🎉 It's out a bit late so I could slip in the latest news, but a fresh This Week in Bitcoin is out, and I'd love it if you checked it out.
I recap why the Bitcoin community declared war on Ripple/XPR this week, why I think Trump is walking into an economic trap and much more!
On Fountain: