The US has been doing this kind of thing for long when it comes to unstable countries from Invasions to sanctions. So using USDC is a tip of the iceberg of what the US can do to try and control the way a country is run.
Obviously they will find it had doing this kind of thing to stable countries/countries that are in that league of superpowers such as China, Russia etc
Is dai not a safer bet for countries to use if they're sanctioned by the US? I thought it was less mutable than usdc but I could be wrong if there's still a possiblity for a central authority to liquidate your assets.
I agree, I just think they are going to have to transition. It didn't take long for the government to move from the gold backed dollar, but the overall ramifications took a while to play out. I am just wandering if it's going to be the reverse this time. Globally are we going to see ramifications in the short term, but continued resistance to the change - or some combination of the two. I just see too many things where the US government is setting up for control or manipulation, or some percentage of the two.
Transitions are inevitable and if we can (and we likely will) get cheaper Smartphones and better connections in some parts of the world (or even covering the world in Internet access) that isn't controlled by a single private entity that could cut someone off if they don't want them to have access then I think we will see large moves forward and towards decentralisation but a country might be able to introduce its own cbdc in this case which I think would be more favourable.