Starting next week, cryptocurrencies will not be able to be used as collateral.

This will limit the way institutions use cryptocurrencies in Tardfi, and the impact on the market will be greater than expected.

Brothers, I'm going to start a conspiracy theory. Cryptocurrencies may be disabled because the US dollar is collapsing faster than the big guys expected. Bitcoin's market value is $1.3 trillion, and stablecoins are about $160 billion. In contrast, a few years ago, the daily trading volume of the euro market was $14 trillion.

So, one-tenth of the entire cryptocurrency market value cannot provide collateral for the euro market. Cryptocurrencies and currencies are not on the same line at all.

Once this policy comes out, hedge funds, market makers and settlements will be affected. The most affected may be cryptocurrency exchanges or companies that hold most cryptocurrency and stablecoin assets. USDC or Tether will not be used.