Circle’s USDC Stablecoin (USDC) was launched on the XRP ledger (XRPL) on Thursday, bringing excessive dollar tokens to users of the Layer-1 blockchain network.
According to an announcement from Ripple, the launch of USDC on the platform allows investors to use XRP as the bridge currency to transfer stablecoins between decentralized exchanges (DEXS) via automatic bridge function. Markus Infanger, senior vice president of Ripplex, added:
“Stablecoins are an important entry point that connects traditional financial markets with the crypto space. It is essential for use cases that focus on utilities rather than speculation.”
USDC’s support in XRPL is swelling to a market capitalization of over $237 billion, along with geostrategic and macroeconomic implications, amid a collaborative push to establish comprehensive stubcoin regulations in the US.
Related: Fortune500’s interest in Stablecoins since last year: Coinbase
Stubcoin will become a focus to protect the sales potential of US dollars
Over-materialized stubcoin issuers purchase short-term US Treasury bills to support digital fiat tokens and collect yields from these government securities as profits.
We believe that we are seeing an increasing number of US lawmakers and officials by excluding US government debt and mitigating foreign decooperatives due to concerns over declining creditworthiness and the number of US lawmakers and officials.
When sovereign powers dump US debt certificates, bonds surge as investors demand higher interest payments to lend to the government.
This will increase the government’s debt servicing costs, and will cost even more to maintain and expand the $36 trillion citizen debt, creating a vicious cycle of debt monetization to pay the debt and fund the budget.
At the White House Crypto Summit on March 7, US Treasury Secretary Scott Bescent pledged to leverage the demand for stabrecoin to increase the saleability of US dollars around the world to protect the hegemony of stabrecoin.
https://www.youtube.com/watch?v=qmqka4otfig
However, critics of the Fiat System, like Bitcoin (BTC), say they advocate for Max Kaiser. This says that a steady decline in demand for the US dollar not only slows down the inevitable collapse of the dollar, but does not save it.
According to Keizer, a stable token backed by gold becomes a ridiculous, absurd, absurd, absurd, absurd, absurd, absurd, absurd, for several reasons, including a high inventory ratio of gold that protects its value from fast inflation and price depreciation.
Magazine: Bitcoin payments are undermined by centralized stubcoins
