[dotcoma]

> They aren’t as stable as they claim to be, and the stability they do have arises from free-riding on the US banking system and monetary policy – and as we’ll come back to, if stablecoins are able to keep gaining market share, these parasites might eventually endanger their hosts.

[joshtbradley]

Strong statement, where is the evidence? The GENIUS Act is quite brilliant in my opinion. It strengthens the dollar by simultaneously creating demand for USD and US Treasuries.

[dotcoma]

I was merely quoting the author, in Chapter 3, in the paragraph just before > Stablecoins around the world

https://fintechdystopia.com/chapters/chapter3.html

[joshtbradley]

And I was merely refuting the premise of that quote.