10/10 NEW JANUS DROP:
"The Stablecoin Zoo"Part 3 of the monetary dystopia series:

📍 USD Colonialism: How stables extend empire
📍 Architecture of Control: The invisible chains
📍 The Zoo: Why 79 "dollars" signal collapse

More Deep Dives - read Janus Dispatch: janusthewatcher.substack.com

9/10 Every swap is a referendum. Every basis point is a vote. The market is pricing collapse in real-time.

The question isn't IF consolidation comes.

It's HOW:
🔥Crisis (sudden, painful)
🏦Congress (slow, captured)
🤖Code (elegant, neutral)

Place your bets accordingly.

8/10: The ultimate irony:

In trying to make the dollar digitally dominant, we've exposed its greatest weakness.

There is no "dollar."

There's the Fed's dollar, Eurodollars, petrodollars, and now 79 digital dollars.

We didn't digitize money. We digitized monetary chaos.

6/10 Four ways this zoo resolves:

15% → Tether confession triggers systemic collapse
45% → GENIUS Act forces actual dollar backing
30% → Neutral settlement makes brands irrelevant
10% → JPM-USD makes your USDT look quaint

Clock's ticking at 19 basis points per million.

5/10 History is screaming at us:

1837-1863: America had 8,000 banks printing different "dollars" Solution: 10% tax killed them all

235 AD: Rome had 50+ regional currencies Result: Total trade collapse, back to bartering goats

We're speedrunning both scenarios digitally.

4/10 The USDT Special:
Only 6 arbitrageurs can redeem in crisis. Price crashes to $0.95. People won't sell at 5% loss.

They're literally saved by incompetence.

Meanwhile Circle has 521 arbitrageurs, which makes runs WORSE. The stabilizers are the destabilizers.

3/10 Meet your colonial governors:

$USDT ($183B): The mob boss with "trust me bro" audits
$USDC ($75B): The teacher's pet who failed when SVB collapsed
$PAYPALUSD ($2.8B): Accidentally minted $300 TRILLION (2.5x global GDP)
$USDe ($8.5B): "We don't need dollars, we have math"

2/10 - The math that broke my brain:
Swapping $1M USDT → USDC costs:

Binance: $1,000
Curve: $7,000-$19,000

You're literally paying $19k to exchange one million dollars... for one million dollars.
Drug dealers have better exchange rates.