Banks buy bonds, so they lend money to the Us so they can spend it on fighter jets, ebt for negroes, the usual shit.
But at the same time the banks can issue usd stablecoins guaranteed by the same bonds.
So wtf is this? They are doubling the money in circulation or what?

>>60653315 (OP)
Exactly. They are just using different instruments to expand credit (fake fiat) and prolong the time until the next Great Depression.

>>60653704
But that could be the mother of all bubbles in crypto.

>>60653806
Only if you're afraid of such things.
Everything is a bubble.

Sonny boyo they're gonna pamp it harder than you've ever been able to imagine
Entire countries national debts offloaded onto crypto funny money
Extend the failing fiat system for another 50 years
and then
dump it all for whatever they figure out next