đ Harvard students & alumni launch "New Bretton Woods Project" - Bitcoin-based stablecoin initiative to tackle global debt crisis! đ
- Project to build BTC stablecoin on Bel2 network, allowing users to control BTC & create opportunities to lend, borrow, issue stablecoins.
- Bel2 leverages Bitcoin's security & communicates with Ethereum to mint stablecoins.
- Preserve BTC's store of value & maximize decentralized asset liquidity.
đą "This initiative comes at a critical time when global debt is at record levels. Combining Bitcoin's decentralized structure with the stability of pegged currencies, the project delivers a financial system that mitigates the risks of traditional economies."
đ US national debt to exceed $35 trillion by July 2024. Interest alone exceeds spending on the Department of Defense!
- Reason: Money Printing & Long-Term Structural Deficits.
- Senator Cynthia Lummis Proposes Bitcoin Strategic Reserve Bill to Buy 5% of Total BTC Supply.
- Former President Donald Trump Suggests Using Bitcoin to Pay Off National Debt.
đ What do you think about using BTC to solve the debt crisis? Share your thoughts! đŹ
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