đ¨Â Stablecoins are in reality CBDCs! Decentralized "freedom" crypto is DEAD!
Jeremy Kranz from Sentinel Global dropped a truth bomb: most stablecoins arenât decentralized freedom tools - theyâre corporate-controlled digital money. Or as he calls them, âcentral business digital currencies.â
Think about it. If a bank like JPMorgan issues a dollar-backed token, itâs programmable, traceable, and freezeable - just like a central bank digital currency. The difference? Itâs run by a business, not a government. And yes, that means your access to funds can still be switched off with a single compliance order.
Overcollateralized stablecoins sound safer, but even theyâre one panic away from a digital bank run. Algorithmic and synthetic ones? Theyâre experiments in stability - until a flash crash or depeg reminds everyone what âcounterparty riskâ really means.
Kranz isnât anti-tech; heâs anti-blind trust. Tech is neutral - what matters is who controls the switch. And in a $300B stablecoin market growing faster than regulation can keep up, that switch might not be in your hands.
The takeaway? Donât just chase yield or convenience. Read the fine print. Ask who can freeze your funds. Because freedom in crypto doesnât come from stability - it comes from sovereignty. #CBDCs #MarketPullback #USBankingCreditRisk #PowellRemarks #FedRateCutExpectations