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  "map_content": "cc @292 @4 @3 \r\nSubject: Bullshit in the pipeline\r\n\r\nStablecoins will happen in the U.S. because BlackRock and the banks want them to happen.\n\nThis could not be more obvious.\n\nThe new BlackRock BUIDL fund on Ethereum is a high bandwidth pipeline between U.S. Treasuries and USDC.\n\nPipelines will bring trillions onchain.\n\nThe USDC issuer Circle is (likely) will IPO soon. BlackRock has ownership in Circle.\n\nThe banks will backdoor themselves into stablecoins - by acquiring/partnering/controlling crypto native companies - and they'll lobby for stablecoin legislation and make it happen along the way.\n\nThe US does not have the political will to build a central bank digital currency. They're create one defacto through private bank issued stablecoins on public crypto networks like Ethereum.\n\nAs long as we preserve open, permissionless, decentralized protocols like Ethereum at the bottom of the stack - then crypto wins.\n\nThe liquidity and legitimacy from this will make crypto unstoppable.",
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  "author": "1CDewE8KmeD24eanbCV9rbvYQT4VVb35sp",
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  "timestamp": "2024-04-11T20:02:54.000Z",
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