X @Ivan on Tech 🍳📈💰

Potential Impact on Government Funding - Stablecoins have the potential to revolutionize government funding mechanisms, offering an alternative to traditional bond markets, fractional reserve banking, and central banks [1] - The US government could directly issue a yield-bearing stablecoin (USDX) on a blockchain like Ethereum [1] - USDX could function as a hyper-liquid bond, issued on demand without auctions via a smart contract staking system [3] - USDX could become legal tender, effectively a US Dollar CBDC [3] USDX Staking Mechanism - A staking smart contract, managed by the US Treasury, would allow users to stake USDX and earn a rate based on the staking duration [2] - Staking rates, determined and subject to change by the Treasury, could vary (e g, 3% for a day, 5% for a year) [2] Global Accessibility and Usage - USDX would be available worldwide, not limited to the USA [3] - Users could deposit USDC or other approved stablecoins into the Treasury portal to acquire USDX [3] - The Treasury could utilize the acquired USDC to settle its financial obligations or directly use USDX, bypassing the need for other stablecoins [3]