🚨 Crypto EARTHQUAKE! 💥 $USDC FROM CIRCLE REACHES $XRP LEDGER AND UNLEASHES THE WAR FOR THE DOLLAR! 🤯💸
📢 The gigantic stablecoin #USDC from Circle, with over $61 billion in market capitalization, has officially launched on XRP Ledger (XRPL)! 🚀 This move allows investors to use #xrp as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs), a key step to connect traditional finance with the crypto space, focusing on utility rather than speculation.
The launch of USDC on XRPL comes at a critical moment, with the stablecoin sector surpassing $237 billion and amidst a concerted effort in the U.S. to establish comprehensive regulations. U.S. officials see stablecoins as a vital tool to mitigate "de-dollarization" by foreign countries, which are offloading U.S. government debt amid concerns about solvency and the declining value of the dollar. By backing their tokens with short-term Treasury bonds, issuers of #Stablecoins seek to protect the tradability of the dollar. However, critics like Max Keiser, advocate of $BTC , warn that this plan will only delay the "inevitable collapse" of the dollar, predicting that gold-backed stablecoins will outpace those linked to the dollar.
🤔 Do you think this move is a masterstroke to strengthen the dollar's position in the digital age and secure its global dominance?
