A document known as the “Gold Paper” has appeared on the SEC’s website, proposing HBAR as a strategic asset to support the dollar and strengthen U.S. national security.
Proposal for HBAR as Pro-Dollar Asset
The paper titled “Making America Greater with Post-Blockchain Collateral: HBAR as a Pro-Dollar Asset” outlines a new strategy to counter offshore stablecoins and integrate blockchain technologies into federal monetary systems. It highlights the risks posed by tokens like USDD that are believed to divert capital from U.S. Treasuries. To combat these threats, it advocates for the use of HBAR and its energy-efficient, quantum-resistant network.
HBAR Initiatives in American Homes
A key element is the “HBAR in American Homes” initiative, which suggests households can accumulate HBAR as a “collateral layer” for the dollar. Each wallet would symbolize a “vote of strength” for financial security. Complementing this is the proposed Federal Reserve HBAR Reserve & Lending Facility (HRLF), where the Fed would custody HBAR and issue loans in the token.
Criticism and Discussion in the Community
Despite the stated benefits, the document has also faced criticism. Analysis from the AI tool Perplexity indicates that it is not an official SEC release but rather a user-submitted comment, possibly from members of the “Web 3” community. This uncertainty has sparked heated discussions among users on platforms like X, with some claiming that the initiative could benefit HBAR, while others dismiss it as mere hype.
If realized, this proposal could position HBAR as a significant element in finance, blending decentralized finance with national policy. However, the current situation surrounding the dollar’s reserve status remains tense, making the relevance of this document particularly noticeable.
