The Full Breakdown: Stablecoins Aren’t the Revolution—They’re the Reinforcements Let’s get something straight: Stablecoins aren't liberators. They're collaborators. On paper, stablecoins look like a dream. You’ve got digital tokens pegged to familiar currencies like the U.S. dollar—tradeable, liquid, and built for the internet age. They’re pitched as safe harbors from volatile crypto swings. And thanks to the GENIUS Act (passed July 17, 2025), they’re now greased into the machinery of the financial system. But here’s the unspoken truth: fiat-backed stablecoins are a digital IV drip keeping the fiat corpse twitching a little longer. The Shell Game Stablecoins come in a few flavors: Fiat-backed: Tether, USDC—pegged 1:1 to dollars in banks or short-term Treasury bonds. Crypto-backed: Like DAI, overcollateralized to hedge…

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