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MAAM_A1
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"I took a test in Existentialism. I left all the answers blank and got 100."
Woody Allen
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#CircleIPO USDC represents 27% of the stablecoin market and competes against Tether’s USDT, which dominates with 67%. Naturally, CIRCLE (CRCL) becoming a public company in the US implies they are fully compliant with standards and regulations even more so than other issuers not traded in major stock exchanges such as NYES. The trust it inspires might tighten $USDC working range and make it 1:1 or greater against USDT. Maybe there will be no more arbitrage opportunities between the two, or only sporadically. With so many upcoming stable coins, the profit margin of the business will also narrow.
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STABILITY OF STABLE COINS
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This is what I feared would happen. $MASK reached ~3.5 only to retrace to 1.8. All in a single Day. If you were waiting for a retracement to enter, there you have it... all too soon.
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It is true the US is now facing the consequences of policies enacted by previous administrations not only Trump's but that of Biden, Obama, Clinton and Bush. All have left problems unsolved and created many more on their own. Debt grew exponentially but still over many years. Donald Trump should not be blamed for all the problems. Cutting costs is part of a restructuring program for restoring solvency. The problem is that when applied to nations, people assumes the sacrifices are run by the public forgetting austerity and frugality can lead to a greater good. If government spending is not controlled, people of all classes will be forced to pay more taxes to back their currencies (solvency of treasuries like the FED) or face rampant inflation. The medicine is bitter every passing day if the symptoms are ignored or the illness untreated. Right or wrong, at least he is trying to do something about it. #TRUMP #TrumpVsMusk
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A SIGN
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