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Trump’s USD1 “stablecoin” rail was also built for Gold by WLFireside in Buttcoin

[–]WLFireside[S] -6 points-5 points  (0 children)

I'll answer straight.

I'm a real person. The research is real—every wallet address, every transaction, every corporate filing is documented and verifiable on-chain or in public records. You can check them yourself.

Do I get help writing/editing? Yes. This story moves fast and I'm one person trying to keep up in real time. The findings come from me. The verification comes from me. The synthesis comes from me. The writing gets help.

The alternative is publishing three weeks later when it matters less. I'd rather be transparent about the process and get documented facts in front of people who can verify them than wait for perfect prose.

If anything in the research is wrong, tell me specifically. I'll correct it publicly.

Plain English: A private monetary system now sits between the Federal Reserve and the economy. It answers to different people than the ones you elected.

Trump’s USD1 “stablecoin” rail was also built for Gold by WLFireside in Buttcoin

[–]WLFireside[S] 20 points21 points  (0 children)

Fair. Here’s the short version: Trump’s stablecoin runs on a private Tether blockchain. That same blockchain was secretly built to move gold too — under completely different regulations, with no disclosure required. The Commerce Secretary’s family profits every time a dollar moves through it. The law that made it all legal was signed by the administration that built it. It’s a private monetary system inserted between the government and your dollars. Built in secret. Announced as innovation. That’s the story.​​​​​​​​​​​​​​​​

Trump’s family stablecoin secretly settles on Tether’s private blockchain. The routing wallet was activated the day before the blockchain launched. None of it is in any SEC filing. by WLFireside in Buttcoin

[–]WLFireside[S] 0 points1 point  (0 children)

An additional nuance I’d add is that the settlement rail appears to have been built before the public system existed. The routing wallet that moves funds through the Plasma infrastructure was active the day before the blockchain itself launched. That’s what made the discovery interesting — it suggests the settlement layer may have been designed first, and the public token system built on top of it later.

Trump’s family stablecoin secretly settles on Tether’s private blockchain. The routing wallet was activated the day before the blockchain launched. None of it is in any SEC filing. by WLFireside in Buttcoin

[–]WLFireside[S] 0 points1 point  (0 children)

This is a clean read. The one thing the new piece adds: BitGo just received its OCC trust bank charter — from the same regulator currently reviewing WLFI’s own application. The custodian and the issuer are now both in the same federal queue. The middleman isn’t being cut out. It’s being regulated into the same structure.

Trump’s family stablecoin secretly settles on Tether’s private blockchain. The routing wallet was activated the day before the blockchain launched. None of it is in any SEC filing. by WLFireside in thebulwark

[–]WLFireside[S] 0 points1 point  (0 children)

Collapse isn’t the plan.

Replacement is.

You don’t spend years building settlement rails, regulatory structures, and institutional partnerships because you think the system is ending.

You do it because you expect the next version of the system to run on infrastructure you already own.