X @Wu Blockchain

Arthur Hayes: Is The US Promoting Stablecoins Only to Resolve Its Debt?During an interview with Kyle Chasse, Arthur Hayes, co-founder of BitMEX, pointed out that in many parts of the world such as Latin America and developing Asia, people have a strong demand for US dollars due to high inflation of their local currencies and deposit rates lower than nominal GDP. However, they can hardly access US dollars because local regulations restrict foreign banks from providing US dollar-denominated banking services, ...