Stablecoins effectively cause inflation
Stablecoin issuers create usdc or usdt for an asset and this asset backs the newly created stablecoin product
Stablecoin issuers can take dollars in for every issued stablecoin or
they can take an asset on the books, just like the Federal Reserve that buys a treasury bond
Time deposits vs demand deposits
Stablecoins aren't creating dollars since they aren't dollars
Stablecoins benefit from secondary trading market
If you want crypto to go up increase the amount of stablecoins
Stablecoins allow for connected people to benefit at expense of others
Stablecoins might be a legal way to create illusionary inflation outside banking
