No, but if the US federal government starts getting involved, they can funnel a huge volume of money into it.
You should think of these as vehicles to prop up the value of the US dollar, which are fundamentally disconnected from the real economy in the real world. The US will then use the high value of the US dollar, propped up by virtual capital, to then wreck the other countries’ economies and their real sectors. That’s the power of finance capital.
Are "stablecoins" really that ubiquitous? Most of the coins with high transaction volumes are free-floating as far as I know.
No, but if the US federal government starts getting involved, they can funnel a huge volume of money into it.
You should think of these as vehicles to prop up the value of the US dollar, which are fundamentally disconnected from the real economy in the real world. The US will then use the high value of the US dollar, propped up by virtual capital, to then wreck the other countries’ economies and their real sectors. That’s the power of finance capital.