স্টেবলকয়েন গেম: সিকেল নয়, টিবিটিএফ ব্যাংক

স্টেবলকয়েনের মিথ

সাইকেল বা मेटা’র failed Libra-এর उপহास छाड़े नय। आसल खेल: वॉल स्ट्रीट के सबसे बड़े बैंक, जो प्रतिष्ठान को संचालित करत है।

स्टेबलकयन JPMD-এর मुक्तি वा peer-to-peer finance-এर नয়। اগুलি T-bills-এর समर्थित, SLR exemption-এব IORB cuts-দ্বারা $6.8ট্রিলিয়ন DEPOSITS-T-bill market-এ into channel.

Money Engineering-एर Mechanics

Fed IORB payment stop korle, balance sheet shrink hoi nai—\(3.3T dormant liquidity unlock hoye। TBTF bank deposits-এ \)6.8T add kore, $10.1T T-bills-e flow hoye।

Ei inflationary printing nai—calibrated monetization: stablecoin T-bills buy kore risk weight barbe na, idle deposits yield-bearing collateral-e convert kore.

Bitcoin: The Real Bet

Powell QE infinity anounce korbe wait korle BTC rise hocche—karon digital gold nai, karon treasuries $10T+ absorb kore, equities er jonno khela nei.

NASDAQ 100K hit korbe jodi TGA funding bonds theke capital flight korty.

DeFi? Nai—RegFi: Regulation-as-Finance.

Unseen Leveraged Position

tbtf banks crypto hype chai na—they’ve already won। $5.5T T-bill purchasing capacity hold kore—not because brave, but regulators permission diye cash-debt-backed liquidity-e convert korse। Your move Circle chase nai—long JPMorgan and BTC go while system flood of capital absorb kore। Stay off the sideline—the game has begun.