Fake Money And The Statist Trojan Horse Called The Clarity Act, Part 2

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• Bitcoin and other cryptocurrencies are viewed as speculative digital assets rather than true money, functioning more like digital roulette wheels.
• Stablecoins, like Tether, are described as modern versions of national bank notes, primarily backed by U.S. Treasury securities, creating an efficient distribution channel for government debt.
• The underlying blockchain technology is recognized for its potential to improve banking and brokering functions, particularly in custody and transaction costs.

Topics: Asset types, Blockchain usage, Institutional adoption, Stablecoins digital cash, Ethereum evm l 1 s, Major financial incumbents

Tags: #bitcoin #stablecoins #tether #treasurybonds #tokenization #blockchain #digitalcash #crypto #distributionchannel

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ICMA Repo and DLT report key takeaways

Key takeaway from ICMA's Repo and DLT report...

• DLT has the potential to revolutionize repo markets through faster settlement and automation, but adoption remains limited, with intra-day repo emerging as the strongest near-term use case.
• Cross-chain interoperability is a central challenge, indicating a move towards interconnected networks rather than a single dominant ledger.
• Tokenized deposits are favored over stablecoins for institutional repo, and U.S. Treasuries are the dominant collateral in DLT repo tests.

Topics: Asset types, Infrastructure providers, Blockchain usage, Financial instruments, Major financial incumbents, Ethereum evm l 1 s

Tags: #icmarepo #dltreport #tokenizeddeposits #ustreasuries #sponsoredrepo #intradayrepo #crosschaininteroperability #hsbc #collateralmobility #digitalcash

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