Madison views stable coins (like USDC) as a backdoor central bank digital currency mechanism, where the Stable Coin Payments Act would mandate that stable coin custodians use depository institutions under Federal Reserve oversight, allowing the Fed to access stable coin deposits without explicitly issuing a CBDC.
factualpending
Speaker
Mel MadisonEvidence Quote
“you just had last month a bill by Senators Loomis and Gillibrand the stable coin payments act... it's like a back door CBDC and this is going to essentially allow the government to to to continue to print larger amounts of bills”
Source
Asset Bubble Crescendo Until 2027 Collapse When U.S. Treasury Market Implodes, Argues Mel Mattison— Forward GuidanceCreated: 8/12/2026, 6:43:41 PM
My Notes
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