@backleverage@prpl8@rdstoll@KurtRva to fund angel investments overseas. Friend was trying to wire from Fidelity to bank in UK and it didn't go through. They did agree to take USDC and sending it was a breeze.
@backleverage@prpl8@rdstoll@KurtRva For people in EM
-hold money in USD vs local ccy without needing offshore bank acc
-evade capital controls, sanctions, confiscation etc
For those that do have easy access to USD the reasons are much less strong. Although I would say I have seen US people struggle to wire money
@prpl8@rdstoll@KurtRva Having access to USD is difficult for most in EMs. It's only the wealthy that have ways to open offshore bank accounts. The easiest way for these people is to get dollar access via stablecoins and in most cases they don't care whether the interest is passed on to them
Hard to be bullish on duration when Trumpism is forcing huge spending across the globe. Term and inflation risk should weigh on the long-end going forward. Sell rips