Stage 2 is happening:
1) Bitcoin, Ether and soon stable coins will be allowed by U.S. commercial banks as collateral because U.S. tech giants will force their customers (domestic to convert USD into stable coins in order to use their services.
2) U.S. tech giants will hold these stable coins on their balance sheets as assets. They will pledge these stable coins to U.S. commercial banks as collateral for USD liquidity.
3) These stable coins will all be “backed” by U.S. Treasury Bills, Notes, and Bonds. Thus this stable coins ecosystem will potentially be a hugely successful vehicle to funnel USD liquidity into U.S. Treasuries from oblivious global consumers.
https://x.com/KingKong9888/status/1981949508679594199