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CBDCs vs. Stablecoins: US Government's Next Move

2024-11-14 Education
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Coin Bureau
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Description

The Treasury Department is reportedly targeting Tether, the issuer of the USDT stablecoin. This could be catastrophic for the crypto markets, because almost everything trades against USDT. Of course, the Treasury Department doesn’t like the fact that it can’t control stablecoins like USDT, and in a summary of a recent presentation, it revealed that it wants to replace stablecoins with CBDCs. This begs the question of what could happen to the crypto market if there was a Tether crackdown. Today’s video has the answers. Spoiler alert: Tether could in fact be too big to fail. Enjoy! ~~~~~ 🛒 Get The Hottest Crypto Deals 👉 https://www.coinbureau.com/deals/ ♣️ Join The Coin Bureau Club 👉 https://hub.coinbureau.com/ 📲 Insider Info in our Socials 👉 https://www.coinbureau.com/socials/ 👕 Our Merch Store 👉https://store.coinbureau.com 🔥 TOP Crypto TIPS In our Newsletter 👉 https://www.coinbureau.com/newsletters/ ~~~~~ 📺Essential Videos📺 Bank For International Settlements Future Financial System 👉 https://youtu.be/To5ek8F7zIQ?si=08A01Fbc8U7SmO0k Binance Settlement Explained Bullish For Crypto 👉 https://youtu.be/EljWmKzRmFQ?si=dcFND-8BaRAyDpH2 ~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Full Summary Of Treasury Presentation https://home.treasury.gov/system/files/221/CombinedChargesforArchivesQ42024.pdf ~~~~~ - TIMESTAMPS - 0:00 Intro 0:50 Stablecoins Explained And Treasury Department Tether Crackdown 6:20 Differences Between Cryptocurrencies And Stablecoins 9:44 Central Bank Digital Currencies And Tokenized Treasuries 12:51 Stablecoin Run Risks And Possible 2008-Style Bailouts 18:15 US Government Debts Subsidized With Stablecoins 22:55 What A Tether Crackdown Would Mean For The Crypto Market ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #crypto #stablecoin #bitcoin

Top Comments (10)

@nazdabner2685 2024-11-14

If they crack down on tether then we going back to 2015. People will take profit into BTC.

38 6 replies
@Steak_unlimited 2024-11-14

You could also see it as a Great opertunity to crash everything to bring in a new system at the same time blaming decentralization and using it as a reason for a totaliterian digital currency in the hands of the few.

12
@CoinBureau 2024-11-14

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3
@asimdobe 2024-11-14

Thanks for the knowledge buddy🧡

3
@RB-wu4us 2024-11-14

The take down of stablecoins will not happen. Impossible!

2
@312_mary 2024-11-14

Barrington that chain looks heavy I am impressed.

2
@peppoz7009 2024-11-14

Brilliant Nic! Great video!👏🏻

1
@RebelSociety3 2024-11-16

The whole point is to not be controlled by central banks bruh

1
@metalgirl 2024-11-14

Great report!! Thx!😊

0
@Harry-lq5hu 2024-11-20

Shocking !!!!!!

0

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