I think it will be an interesting story. They can’t stabilize the economy without crypto, they aren’t going to be able stabilize it now just because they threw it on a centralized, permissioned blockchain. What they are backing it with is the same garbage de-stabilizing the system now. If it’s not decentralized, and pegged to garbage, it’s not going to change anything. The only thing they have that’s useful is the network effect from users and markets they currently have. People already don’t trust them with their data, this is going to become a nightmare for them.

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