Quote:
The value of the dollar is going to take a massive hit (as are other currencies) once is all said and done with the transition to stable coins. aka - collapse.
But here's the catch - your frame of reference is gold. I understand that and don't fault you for it at all.
The reality though is that stablecoins have nothing to do with trying to prop USD up against gold. Stablecoin is a fiat play in a fiat world.
All fiats will fall vs gold. The USD will rise vs all other fiats, for a period of time unknown to any of us. Stablecoin is not a store of wealth, doesn't claim to be. It's a way for the USD to further its control of global commerce and draw additional foreign capital into the US. For all of our internal sense of justice that somehow the US should be punished for what they've done to sound money - we're all extremely lucky to be in the situation we are versus the rest of the world.