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@FerdiDabitz: "The dollar is the best product in the history of the world. Insane PMF. There's quasi-infinite global demand for it, especially outside of the United States."
"There are all kinds of quantitative ways to think about this. Europe and the US contribute 40% of global GDP, but they contribute 80% of global reserve holdings and money movement."
"There are also qualitative ways to think about it. The existence and frankly commercial success of the stablecoin stack is a pure expression of this thesis."