Circle’s USDC StableCoin (USDC) launched the XRP laser (XRPL) on Thursday, which brings overcolator -paved tokens for users of layer -1 blockchain network.
As Announcement From Ripple, the launch of the USDC on the platform will be able to use the XRP as a bridge currency to transfer its stabechoin between decentralized exchanges (DEXS) through an auto-business facility. Senior Vice Chairman of Marcus Infraiter, Replex was added:
“Stablecoins are the major entry points connecting traditional financial markets with crypto space – required for the necessary cases focused on utility rather than speculation.”
Support for USDC on XRPL comes amid a solid push to establish wide stabecoin rules in the United States, as the region exceeds $ 237 billion in market capitalization with geopolitical and comprehensive economic implications.
Connected: Fortune 500 is interested in Stabelin Triple since last year: Coinbase
StableCoins becomes the focal point to protect US dollar salability
Overcolatorlized stabelcoins purchase short -term American Treasury Bills to return their digital fiat tokens, collecting yield as profit from these government securities.
The increasing number of US MPs and officials sees Stabecrims as a way to reduce the US government’s credibility and the declining value of the US dollar as a way to reduce de-dollarization by foreign countries.
As sovereign powers dump American debt devices, bond yields are spikes because investors demand high interest payments to lend to the government.
This, in turn, leads to high loan service cost for the government, which leads to $ 36 trillion national loan To make a vicious cycle of loan mudification to pay back to pay the creditors and fund the budget and to fund the budget to become even more expensive.
During the White House Crypto Summit on 7 March, US Treasury Secretary Scott Besant promised to prioritize stabecoin development to protect US dollar dominance, taking advantage of the demand for stabeckins to increase the US dollar’s comfort globally.
https://www.youtube.com/watch?v=QMQKA4OTFIG
However, critics of Fiat systems such as Bitcoin (BTC) say Max Ciizer says that the plan to increase the decline in US dollar with Stabecoin would only delay the unavoidable fall of the dollar, but will not save it.
The stable token supported by Gold will exclude the dollar-paved stabecin for several reasons, including the high stock-to-flow ratio of gold, which, according to the keys, protects its value from rapid inflation and price depreciation.
magazine: Bitcoin payment is being reduced by centralized stabelcoin
