This is highly interesting -- the concept of princely money is new to me in a nation that has never had a prince, but I do see the concept at work here. It will be interesting to see, as stablecoin offerers like Circle start picking up more and more Treasuries, how this transition from fiat to princely goes -- or does not go -- through crypto.
RE: Der unterschied zwischen Fiatgeld, Fürstengeld und Knappheitsgeld/The difference between fiat money, princely money, and scarcity money