Looking at the patterns in the crypto industry of likes and dislikes of the Federal Reserve, is the flood of USD stablecoins coming?

There are so many dinners, but the most important application focuses on the money "profit" value, and 3 is the number in the middle. . (CBDC). Bitcoin's advantage is that the value of insufficient and safe, the cost will increase, attractive, and friend exchange. Steady wages, and the advantage is the "chain of the charter, that is reliable to upload and the security exchange systems. CBDC only The result of the text and banknotes and banks, and "new French". There are three "results, but no beliefs have a tournament high. There is the same location, including a lot of CBDC based on the future blocking of the future "call. In addition to the above endogenous detail of" the Heart file ", the effects of the external force cannot be maintained.

On June 29, Fed Deputy Managing Director Randal K. Quarles gave a speech on “Parachutes and Central Bank Digital Currencies.” This article provides an overview of the Fed's understanding of our "procedures" and necessary policies. Parachute pants were all the rage in the United States in the 1980s, but have had little impact since then. This headline reflects the views of Bitcoin and the CBDCs on behalf of at least some of the current Fed oversight.

It should be noted that the Fed represents the appreciation of the US dollar. The so-called size determines the head, so their position should be on the US dollar side. Naturally, they would not be approved for the US dollar. Candidates on the US dollar that will affect their career goals and attitudes. Thus, it is not surprising that Fed officials disregard Bitcoin and the CBDC, given the importance of future analysis and regulation, including US crypto-policy. currency and its implications for the environment.

Randal K. Quarles has the following thoughts on our "currency":

1. Bitcoin: Bitcoin has nothing to do with the value of an asset such as a sovereign. Bitcoin value given by its insufficiency, anonymity and innovation. Anonymity is inevitably the subject of police investigation and novelty is an immediate tool. too fast. As a result, it often does not play a significant role in payment and financing. Blues thinks this reflects the fact that the Federal Reserve has become a private entity in Bitcoin research and is hegemonic over “Great America”. The basis of the price of Bitcoin is obviously half understandable. Strictly speaking, the Blues believe that the life of Bitcoin is plagued by fiat and the precious treasures have always existed. If there is a problem, there is Bitcoin. Infinite inflationary devaluation of fiat currencies, for example, the finitude and importance of gold. For these disadvantages, Bitcoin is the only option. On the other hand, in other countries, especially developed countries, the potential of Bitcoin to convert the US dollar is significant.

However, for the Fed, it is important to remember that Bitcoin is not appropriate at this time. Indeed, their content believes that Bitcoin will lose its appeal demand over time and will not be a major competition for the US Dollar. This clearly creates a favorable market environment to improve Bitcoin in the US over a longer period.

2. Central Bank Digital Currency CBDC: The most skeptical question from the Fed: the big question about whether to announce digital currency. Now "digitalization" is not blockchain-based "digitalization" but "internetization" based on credit cards, banking systems and bank accounts, but the Fed's job is that digitization on the US dollar is very mature. In conclusion, it does not appear that the status quo of the current US dollar system, as the global currency or the US dollar is the primary currency of the global financial system, could be threatened by foreign CBDCs (like China DCEP). To put it bluntly, as long as the American power is number one in the world, other countries cannot lie and it will not have much impact on their participation in the Digital Dollar.

The above assumptions of the Fed have always shown the confidence and arrogance of the United States, no one has confirmed this assumption in recent years, only a change in history can show that this theory is ultimately a belief or a wonder. Blind thoughts. What is true for us is that the Fed has this attitude, so there is no need to think about the crypto digital dollar breeding ground in the future. Really, get ready for a digital dollar release. US securities have become globally popular and will become electronic and tradable against the US dollar system in the crypto world.

3. Stablecoins: The only stablecoin supported by Randal K. Quarles is USD stablecoin. Obviously, he doesn't think it's necessary to be afraid of stability coins. The USD stability coin can reverse the US dollar in global trade. For example, the global USD stability coin network can encourage the use of the US dollar by making cross-border payments faster and cheaper and can be sent to the CBDC faster. with some drawbacks. Obviously, fixed coins are the minions of the dollar, allowing the dollar to penetrate deep into the markets of other countries around the world and helping the dollar against the CBDCs of other countries. Dollar stability coins really change the performance of the crypto digital dollar, so the dollar does not need to replace existing currency.

If the Fed takes this direction, the strong US currency, including the Facebook Diem, and the existing stable USDT and USDC (not the USDC bumper) will improve better in the future, and their magnitude will increase rapidly. Prior to Diem's ​​announcement, it was worth paying USDC in the future. USDC is currently not limited to the Ethereum chain, but will soon expand to 14 chains. Its small size ($20 billion) currently accounts for 1/3 of USDT. The Blues think it can slowly rise with USDT because it has complied with the laws of the United States with its laws and has many unresolved issues, unlike USDT.

To reiterate, the Fed's attitude to all of our "benefits" is to steer clear but not hold bitcoin, currently has no plans to create a CBDC digital dollar and support the stable USD development. How will these attitudes and behaviors affect the US cryptocurrency market? In the short term, it can be predicted that the development of US bitcoin in 3-5 years will not be blocked, the digital currency is far away, and the size of the US dollar stability coin will increase. US dollar securities are flooding the profits of US dollar stability coins, boosting US crypto and expanding the market with fame and size – “currencies” have a lot of assets and are like real assets. . In the world of crypto, the time for inflation is coming.