Stablecoins, which directs the US dollar dominance like FED, is faced with the New ‘Balancing Law’: Billionaire Chamath Palihapitiya
Billionaire Entrance Capitalist Chamath Palihapitia, Stablecoins’ US dollar as the world’s most dominant currency, he said.
Palihapitia, Federal Reserve in a new shipment about the cause traction data To show that the US dollar has risen to its highest level in forty years.
According to the billionaire, the merger of macroeconomic factors and the increasing adoption of the dollar peggged stablecoins contributing The power of the US dollar against other Fiat currencies.
“The US dollar reflects the power of the dollar against other global currencies in 40 years…
This increase in the power of the dollar stems from multiple factors: it increased the federal reserve interest rates to zero to zero. While attracting global investors looking for higher return on assets in dollar, geopolitical uncertainties increased the safe-life charm of the dollar.
Dollar Pegged Stablecoins, such as USDT and USDC, increased the dominance of the expanded American currency by creating a kind of ‘digital dollar’, which increases the global demand for global dollars even in crypto money markets. “
However, Palihapitia emphasizes that a rising dollar is a double -edged sword. While purchasing foreign products and assets, Palihapitia says that a strong dollar can focus on the performance of American companies, while increasing the purchasing power of Americans. A strong dollar can also trigger a financial crisis elsewhere.
“The results of the fluctuation of the dollar throughout the global economy. The federal reserve is currently facing an additional balance of balancing, because a stronger dollar helps to combat domestic inflation by cheapering imports, but the risks of triggering financial instability that can damage the US markets.
Follow us X– Facebook And Telegram
Do not miss a rhythm – subscribe to receive e -mail warnings sent directly to your incoming box
Check the price action
Surfing the daily Hodl mixture
& nbsp
Waiver: The opinions expressed in daily HODL are not investment advice. Investors should make status determinations before making high -risk investments in Bitcoin, crypto currency or digital assets. Please your transfers and transactions are in your own responsibility and the losses you may encounter are your responsibility. Daily Hodl does not recommend that any crypto currency or digital assets be purchased or sold or that Daily Hodl be an investment consultant. Please note that daily HODL has participated in affiliate marketing.
Picture Produced: Midjourney
