Workflow
X @Ivan on Tech ๐Ÿณ๐Ÿ“ˆ๐Ÿ’ฐ

RT Fred Krueger (@dotkrueger)Stablecoins could ultimately completely change the way governments fund themselves, bypassing the bond market, the fractional reserve banking system and central banks.Imagine that the US Government can directly issue a new yield bearing stablecoin called USDX. Lets assume it is on Ethereum, but this concept will work on any chain.There is a staking smart contract, run by the US Treasury, where users can stake USDX over time and get a rate depending on how long they stake. Stake ...