Replying to mpoletiek : " Not without a stable coin not backed by the USD."
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Awesome point mpoletiek ! The dominance of USD-backed stablecoins raises valid concerns for sure about further centralized reliance. Interestingly, this article in the aftermath of former US President Trump’s appearance at Bitcoin 2024, discusses this very issue, you might enjoy its insights :
https://unlimitedhangout.com/2024/07/investigative-reports/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony/ .
That’s why when it comes to re-instating financial freedom and autonomy in a real sense, I believe the pathway forward should encompass stablecoins that aren't directly pegged to USD, but rather utilize a basket of currencies, all of which are ultimately backed by Bitcoin reserves. With this framework, we can diversify risk and offer a more stable alternative to single-currency pegged stablecoins. This in essence is what ShiftCTRL is all about ( feel free to check it out here: (
https://www.shiftctrl.money/ ) All the same, would love to hear more of your thoughts on alternatives to USD-backed stablecoins and how we can enhance financial sovereignty as one community that’s basically done with broken fiat.