I am either losing my sanity or i am seeing things on a level that maybe is not meant to be seen. (Its probably the first option)
I was working all night on a post about the "Bitcoindollar" and i came across a few things i thought were wierd.
I didnt know how to tie them into that post so i thought i would just mention them seperately.
Im not going to go into deep analysis because the post i am working on already does that.
This is total conspiracy theory so please take it with a pinch of salt.
America selling its debt
USDT,
If we go back 4 years USDT was in trouble with the US authorities, they ended up paying a fine but also around that time they changed the wording on their page, it was backed 1-1 by US dollars, it was changed to " backed by tether reserves"
81% of those reserves($95 Billion) are held in US treasuries(US debt)
Since then no US legal problems đ€
The big news in the last week has been about Ripple/XRP court case win over the SEC.
Only a few days later and Ripple has launched the test of its new stable coin(RLUSD), guess what itâs backed by?
Ye you guessed it, US treasuries (US debt).
Its probably nothing right...
XAPO BANK
This one is truly reaching.
Firstly if you dont know who Xapo bank is they are basically the company that introduced Bitcoin to silicon valley, not only that they are the custodial solution for coinbase, coinbase are the custodians for most of the BTC held by Bitcoin ETF funds.
They were also one of the first banks to offer US backed stable coins for transactions.
Xapo are a huge player in the plan for the new Bitcoindollar system and the plan to increase USD dominance worldwide through US backed stable coins.
This picture says it allđ
My next post will explain more in detail.
I just had one wierd question while doing research.
Why are Xapo fees going up from $150 a year to $1000 a year on the 16th September, that is not a normal increase in fees, 7x increase in fees?
Is anything happening around that time....
Again its probably nothing right....
I think i have gone to far down to many rabbit-holes.
Hope you are all having a great weekend.
Peace.
#TheWolfThatWins #RippleStablecoin #XRPVictory #MarketDownturn
