| IMF’s latest post endorses stablecoins, calling them “mostly backed” by US Treasuries. Just last December, the IMF issued a warning against stablecoins. Link in article. The same IMF delayed a loan to El Salvador due to its Bitcoin purchase. USDT issuer Tether holds $6.5 billion worth of Bitcoin. Circle (USDC), PayPal (PYUSD), First Digital (FDUSD), Maker (DAI), and the Trump family (USD1) also hold Bitcoins. Details in the article linked. Are the rules only made for the weak? No wonder fiat collapsing. [link] [comments] |
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