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Author: Goofyhoofy ✸🐝🐝 HONORARY
SHREWD   😊 😞
Number: of 1128 
Subject: Re: Crypto week in Washington, DC
Date: 07/18/2025 11:23 AM
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Because the dollar is not native to a blockchain. Therefore, the dollar can't directly be used inside of the blockchain system.

Sure I get that. My point is that if there has to be a dollar in reserve to have a dollar of stablecoin, then that dollar in reserve isn’t doing anything productive, so the stablecoin has to work twice as hard - to make up for the dollar’s “lost” productivity, and to make it worthwhile, the productivity of the stablecoin too.

Otherwise you just have a bunch of dollars sitting in a vault doing nothing, while the stablecoin floats around the world doing whatever it is that Stablecoins do.
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