Does the Fed Already Have a Replacement for the US Currency? +Video
By David Morgan / GoldSeek
Goldman Sachs startup Circle, the Boston-based crypto finance company, has gone live with its stable coin called the US Dollar Coin, or USDC.
This is the first cryptocurrency released by a major financial institution.
In order to avoid instability and inflation inherent to other unregulated cryptocurrencies, the value of the USDC will be tied to the dollar. Does this mean the FED already has a replacement for the U.S. dollar?
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Who would be fool enough to buy into another FED currency scheme? If it doesn’t have tangible worth that I can put in my pocket I won’t except it much less trade my silver or gold for it.
not when money laundering is big business