Jason
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
US treasuries.
US treasuries.
Now, if Jason decides to send it to you and then you redeem, I can sell a little bit, $1 of those treasuries that I own, and undo the chain.
So I'm getting to this.
Tether and Circle and World Liberty, they earn interest on that.
And so now when the number gets big enough, this number gets ginormous.