Once the global debt hits a tipping point, payment methods will shift to stablecoins like USDT or USDC. Countries tied to Western debts, including the UK, Europe, and Canada, will need these stablecoins to keep trading. Europe and the US are ahead since they already have EUR stablecoins. However, the UK is left in a tough spot without any stablecoins, meaning they might need to borrow against their assets.
Not sure why you're so into stablecoins. They’ve got issues. The dollar's value can’t really go up, and it’s not just because of inflation or the US debt. Look at the policies from the US government. They've been a mess, especially with trade deficits.
I get your worries about inflation and debt but saying the dollar can’t hold value short-term isn’t really accurate. During risky times, the dollar still works as the global settlement currency, whether we like it or not.
I’m trying to see the logic here. Stablecoins aren't some special magic tokens. They're just wrapped fiat. If the UK wanted a GBP stablecoin, they could make one. The reason they don’t have one isn't because they can’t but because there’s no real need for it.
Why would anyone want to rely on a stablecoin hoping it’ll gain value? By its nature, a stablecoin isn't made for huge gains. It's tied to fiat, and we know fiat value shrinks over time. It might seem stable, but in reality, it doesn’t help with daily expenses.
Do stablecoins really not crash like fiat? Many refuse to see the dollar's slow decline due to past policies and countries moving away from it. All the US is doing is damage control. Hedging in Bitcoin and precious metals is way smarter than trusting a dollar-pegged stablecoin.