Stablecoins are a backdoor CBDC w/ Aaron Day (MT 352)
TODAY’S 🎙SHOW:Douglas Tuman and Aaron Day explore the growing threat of stablecoins as a covert form of CBDC (Central Bank Digital Currency), with Aaron warning that the situation has worsened dramatically—“100 times worse than a year ago.” He critiques the Trump administration’s stance, noting that despite public opposition to CBDCs, its policies are paving the way for a backdoor digital currency through stablecoin regulation. Key figures like Brian Brooks and Howard Lutnick—linked to major stablecoins and now in influential government roles—highlight what Aaron describes as a Silicon Valley and “PayPal mafia” takeover of policy. The proposed Genius Act and Stable Act would require stablecoins to be fully backed by U.S. Treasuries, effectively forcing users to fund government debt and surveillance systems. With projections of $120 trillion in stablecoin transactions by 2030, Aaron calls this “turbo cancer for CBDC adoption.”
The conversation shifts to solutions within the privacy coin space, emphasizing unity against technocratic control. Aaron highlights FUSD (Freedom Dollar), a private algorithmic stablecoin built on Zano, which offers an alternative by being over-collateralized with Zano rather than tied to government-backed assets. He discusses Zano’s technical advantages, including its deflationary model, while defending its pre-mine as a necessary step for development funding. Both hosts stress the importance of collaboration across privacy projects like Monero, Tari, and Zano to resist systemic control. They also preview Porkfest, where they’ll host a privacy tent and welcome Ross Ulbricht and his mother Lynn, who is launching a new advocacy initiative.
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They don’t have to be. On Bitcoin Cash we have decentralized stablecoins that are backed by on chain collateral and fully audit-able.
MUSD - https://v1.moria.money/
Parity USD (launching soon) - https://parityusd.com/blog/stability-mechanism/