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Diraven

(1,399 posts)
1. The Trump plan for stablecoins is criminal
Sun May 25, 2025, 03:38 PM
May 25

Basically he wants to create billions dollars worth of them out of thin air, 90%+ of which will be owned by himself and his family, which are pegged to the value of the US dollar. It's essentially counterfeiting, the only difference is they are purely digital and not on printed paper. And the only intrinsic value they will have is for buying influence with Trump by enabling anonymous bribes. So unlike his memecoin once he sells his stake they are essentially worthless, but by valuing them at a dollar they try to make them appear less volatile and so safer and more legitimate.

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