9 Comments
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Don's avatar

Excellent read. The PS summed it all up for me. Thank you.

Ben Lilly's avatar

It's this risk dynamic that gives us part 3 of macro cycles. glad it helped, thanks for reading and dropping a note. always appreciated!

JJ the Janitor's avatar

Get to printing!

Clark Venable's avatar

So the recent fed moves were a 'stalking horse.'

Ben Lilly's avatar

USDC might have been the 'stalking horse'. Issued the token via wall street backers, it took off well, then fell victim to banking issues.. now the FED can step in to save 'true innovation' via permissioned rails and liquidity intraday backstops

xavier depoorter's avatar

Thank you, Ben the horacle :)

Ben Lilly's avatar

Thanks for stopping by the 'cafe'

Matthew W. Marcus's avatar

The best writing on the Internet.

Keep drinking that caffeine, Ben. It's working!