Bitcoin Forum

Russia and china are dangerous for usd usa dollar
I dont care much about usd but i care about usdc and usdt and all other usa dollar stable coins.

Sure i can support china russia dominant power of economy but stable coins are in western country exchangers.

Also i like that old usa dollar power and im sure biden dont let nothing to threat USA dollar.

When trump made great stock market of usa then biden will make dollar great.

Usa dollar should stay we dont want china rmb currency to be dominant as we are use to fed money printing and markets pumping ...but we dont know if china will act same way the world is use to with usa dollar

I hope biden will do everything to protect usd and usdt

First of all Biden has nothing to do with USDT or USDC. And he doesn’t even have much to do with USD that is mostly by the Federal Reserve.

I don’t think the USD will be replaced as a reserve currency. Sure Powell said something about there being more than one currency however I think that is years ago from now.

Keep in mind that USDT or USDC is centralized, it can be frozen unlike Bitcoin. So know this if you are a holder that there is a certain degree of risk.

Well that's a bizarre line lol. You do realize though that if the USD drops in value then so does your USDC and USDT stablecoins, right? The likes of USDC and USDT are pegged(at least, supposedly) to the USD.

Expect that every US president will protect the USD. Expect that all US presidents will do everything for the USD to remain powerful in the global scheme of things.

You know what, I've watched old interviews relating to politics, civil rights, and other topics. And it is surprising to know how these talks of the USD being in danger or at risk, falling out of value, losing global influence, and so on have been around for many many decades. And yet, so far, the USD is still the most powerful currency in the world until now.

I don't see any danger for the dollar yet. Cut off from the world's major currencies, including the dollar, Russia also poses no danger to the dollar. Under the current most stringent sanctions, Russia is already on the verge of default, for one ruble they already give half a cent. Although the Russian economy is rapidly falling, Russian occupiers continue to attack most cities in Ukraine. This morning they fired at the Zaporozhye nuclear power plant. There was a fire on it. The threat of nuclear contamination hangs over the world. If someone believes that this war concerns only Russia and Ukraine, then they are deeply mistaken. .There are a lot of nuclear facilities in Ukraine and everyone can become a new Chernobyl.

US is like China and Russia combined, do not forget that it is not only US but also European countries.

Also the problem is from the external parts like countries depending on China, they do not yet understand that China do not like them, that is why China will never support what is not from their country like socila medai. See the Russio-Ukrainian war, information about the war is fully censored in China.

That is the work of the president, but there can be a time of inflation which is normal in every country.

The USD is not in danger now, it has been like this for some time and it seems that we are on an unstoppable path towards the loss of its hegemony. The clear competitor is the Yuan and to a lesser extent the Euro. There have already been steps in that direction:

Russia and China: Partners in Dedollarization. (https://www.atlanticcouncil.org/blogs/econographics/russia-and-china-partners-in-dedollarization/)

What is clear is that if the USD loses its hegemony, the rest will want a piece of the cake.

You do know that stable coins are just coins pegged to their fiat counterparts, right? And honestly, I doubt the US would remain silent if they were going to a losing battle in terms of economy, ofc they'd fight back. USD has been the reigning currency for a long time now, and they'd probably do their all to keep it that way. And I don't think the China Russia duo can do anything at the moment, especially with how things are going for Russia. They'd be better off worrying for their economy instead.

Don't you forget that the US government has printed a lot of paper money during the start of the pandemic.
They're still dealing with it and we don't know what awaits these economies in the future. So what if rmb becomes stronger than USD since it's really showing a great economy of China, we can't deny that fact. USDT is backed by USD but do you think that Biden really cares for USDT?

It doesnt freeze himselfe it has to be someone who do it its same as someone taking money from your pocket same thing if i hold my USDT in wallet its different thing but if in exchanger then exchanger has full responsebility to protect my funds.

Usa need urgent war to protect usd then george bush was good on protecting usd.

Im sure biden knows usa strengh relie om strong usd now days usdt and usdc as new digital reserve currencies

I don't see any danger to the dollar yet, and I'm sure biden will take action if the usd goes down in value, but there's no history of the usd experiencing an extreme price drop

Seems like you think the usdt and USD are the same currencies, usdt is just a stable coin like usdc and some other usdt stable coins if you want to talk about the situation of dollar you should specifically talk about this currency, regardless of that, I believe the USD situation was always bad and the inflation rate saying everything, but just after starting the war between Russia and Ukraine, everything can be even worst because this fight can put the USA reputation in danger and this will definitely affect in this fiat currency worth, also Chia is taking benefits from this war as a USA competitor.