Jason
👤 PersonVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
So let's look at these businesses as roughly the same.
There's Circle, there's Tether, there's World Liberty Financial.
They all have a stable coin.
What is it?
Okay, so let's just say that Jason
is a cash worker in India.
Let's just use that example.
Sure.
He gets paid 100 rupees.
And he's like, you know, the rupee is constantly getting devalued.
I'm constantly losing purchasing power.
I want to swap that into a US dollar.
So he would create a crypto wallet.
And what Tether will say is, great, give me your INR, your 100 rupees.
they immediately swap it to a US dollar.
So now there's a US dollar and there's a token for that dollar.
I give Jason the token for that dollar.
Now I have this dollar.
What do I do with it?
When I accumulate enough of these dollars, 50 billion, 100 billion, I can take that and I would invest it in treasuries so that it's completely safe.