Is it TIME for Stable Coins?
Watching & reading news from around the globe it is very apparent that FIAT Dilution is in over drive, citizens always strive to protect what they have remaining. A hot protection measure is getting out of fiat (i.e. Chilean Peso, into Stable Coins, particularly those that are US Dollar Based - USDC / USDT.
Additionally, its a way to circumvent the legacy banking system. If you want to save your fiat with a US$ slant, no back outside the USA will provide that exposure for you. Crypto stable coins to the rescue!!!
Who are experts on Stable coin use? Turns out the BIS - AKA The Bank of International Settlements - they publish data annual reports about Stable Coins - check the resource links below for a few of those reports in PDF format.
As the US continues to digitally print Trillions more $ and the Debt to GDP level goes off the charts US Reserve status is smelling a bit fetid. How are you preparing? Internally I have been thinking of taking up a small position now in USDC / USDT to be ready for the next shoe to drop!
Wondering aloud if this would be a new Fx trade? Or are those nimble traders already in position?
What about foreign institutions will they pivot to Stable coins as well? We know they are acquiring BTC and perhaps ETH so it is a great assumption they will also add Stable coins to their corporate treasury.
Summary - So, as I write this out I have convinced myself to add Stable coins to my allocation pool. As the Bull runs its course it might be prudent to shave off some profits and position them into Stable coins.
Disclaimer - this is just investment opinion not advice. No offers are being made nor suggested so don't misconstrue my words!
