Former Speaker of the House of Representatives Paul Ryan, in an article published in the Wall Street Journal, proposed an unusual solution to the growing debt crisis of the USA: stablecoins.
Ryan, who has been warning about the country's growing debt for a long time, stated that the FED may organize a Treasury auction to strengthen its balance sheet, but may have difficulty finding buyers. He emphasized that traditional buyers of US debt, such as China and Saudi Arabia, are starting to withdraw and the dollar's status as the global reserve currency is in danger.
Ryan argued that the obvious solution is to reform Social Security and Medicare spending. However, he stated that neither Trump nor Biden were willing to address this politically sensitive issue. That's why Ryan suggested adopting and promoting stablecoins as an alternative solution.
Stablecoins, as cryptocurrencies pegged to a stable asset such as the US dollar, have gained popularity in countries such as Nigeria and Argentina, where citizens distrust their local currencies due to economic instability. According to Ryan, these currencies are low-cost, easy to transfer and embody American values of freedom and transparency.
However, Ryan did not mention a major drawback of stablecoins: that they are difficult to control by the US Treasury. The proliferation of stablecoins could weaken the government's ability to use tools such as the SWIFT banking system to impose sanctions. Despite this, Ryan believes that the benefits of adopting stablecoins will likely outweigh the drawbacks.
According to Ryan, if fiat-backed dollar stablecoin issuers like Tether, USDC, and PayPal were a country, their debt assets in the United States would exceed that of Saudi Arabia. He argued that as other countries seek to strengthen their currencies and divest U.S. Treasury debt, the United States will need to find new ways to make the dollar more attractive. According to Ryan, dollar-backed stablecoins could be part of this solution.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
