Financial Big Move! Members of the Trump Family Establish Company to Issue Stablecoin USDT
Inclusion of Bitcoin: Trump includes the government's held Bitcoin in the Treasury's foreign exchange stabilization fund, clarifying it as a strategic asset.
The Cayman Islands is one of the largest creditors of the US, Tether Holdings a large amount of US debt and is rapidly increasing its holdings, demonstrating incredible profit-making ability.
USDT (Tether) is a stablecoin that is pegged to the US dollar at a 1:1 ratio.
Similar to casino chips, it is used for commercial payments, transfers, and salary payments in some countries.
In Africa, due to a shortage of US dollars, stablecoins are purchased through P2P transactions.
Nigeria uses USDC for international remittances;
The Philippines allows payment of social security using Tether;
Vietnam pays salaries;
Tether uses the received US dollars to buy US Treasury bonds;
The issuance model of Tether is similar to that of the dollar issuance and currency creation process.
Issuing 150 billion dollars, holding 120 billion in US debt.
For every USDT issued, 0.8 dollars worth of US debt is purchased.
The balance sheet is similar to that of the Federal Reserve, the issuance of USDT turns 1 dollar into 1 USDT and 1 dollar of Treasury bonds.
Stablecoin issuing companies are similar to small central banks,
Trump supports dollar-pegged stablecoins, legalizing them, with the family company issuing stablecoins, and the Secretary of Commerce having connections to stablecoins.
In March, Trump incorporated the government's held Bitcoin into the foreign exchange stabilization fund as a strategic asset.
The US uses virtual currency to alleviate massive debt, and Trump seeks huge commercial benefits for himself.
Trump manipulates the issuance of the dollar using virtual currency and stablecoins, stabilizing US debt and hegemony,
Leading to a global financial crisis.
