🏦 Every major corporation will become a bank.
💰 Every major app will become a wallet.
🐑 Every person on Earth with a smartphone will become an unknowing creditor to the United States government.
Not tweaking 🤣
@andreijikh explains the mechanics in the vid.
That's why protocols and infrastructure like what we are building
@seraprotocol are important for the future. Not just for stablecoins but for the global payment stack.
USD stables have opened up DeFi and the decentralised economy as we know it. And for that, we should be grateful.
But we've all been quietly drinking the USD stablecoin kool-aid. Because while we were comfortable, we didn't notice we were being onboarded into holding US government debt.
That's how centralisation wins.
Not through force. Through convenience.
Every country should be backing local stables and every citizen should understand why.