Stablecoins increasingly replacing reserves for settlements… lol nobody needs any… RRR still 0% … btw MMT silent on this technological development … will allow Fed to continue to do their QT system reserve asset balance reduction ie “destroying money!” more than most people realize… they could probably go to zero reserves … monetarist brain dead zombies will think “no money!” … monetarist morons will be all bearish on their “M1!” or “M2!” gong to zero…
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