We are going to see a massive expansion of the digital world. This is true whether we see the Metaverse (multi-world) around the corner or not.
In this video I discuss medium of exchange currency along with the velocity of money. Will this slow down due to Web 3.0? This is something we have to look at. If so, we are likely going to be tens of trillions more in stablecoins than what we normally would.
▶️ 3Speak
What does it mean to have tens of trillions in reserves to back up those stablecoins? How does that affect banks holding those trillions? Will they suck up whatever treasuries the government puts out?
I agree. Seeing Dalz's posts, stablecoin use has been on the rise. Countries that invest and recognize Bitcoin as a legal form of payment will also see their citizens use stablecoins to protect themselves from the volatility of regular crypto. As we get more and more digital, and with the emergence of web3, stablecoins would most likely be the regular form of payment we will see in the future.