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Martin Sandbu
martinsandbu.ft.com
did:plc:wtvbzsaag7emwfosujh3rojv
This by @dandavies.bsky.social and @himself.bsky.social covers the territory v well. I agree the US stablecoin push is making others develop alternatives. But I think that's because USD stablecoins are well placed to succeed - offshore dollar banking and securities thrive despite no USG backing.
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2025-05-23T11:55:23.246Z