I've been thinking: besides being widely regarded as the only true "hard currency" in digital currency - #Bitcoin, what else meets this standard?

Some people, like Pug, believe that Dogecoin ($DOGE ) is also a legitimate currency just like Bitcoin ($BTC ), because they share common characteristics - low energy consumption, decentralization, and six other key features.

In the world of cryptocurrency, Bitcoin is undoubtedly the rightful digital gold. Its value comes from true decentralization, high-energy mining, strong security, and limited supply.

However, as centralized powers gradually infiltrate the blockchain ecosystem, truly "sovereign" digital assets are becoming scarce.

Meanwhile, stablecoins are quietly rising, becoming a bridge connecting the real world and the virtual economy, serving as a safe haven for capital whether in a bull or bear market.

So, here's the question: What would happen if all stablecoins shifted to being pegged to the dollar, or if dollar-based stablecoins replaced the stablecoins we currently use?

It’s not hard to imagine: if all mainstream stablecoins are dollar-denominated, the dollar would not only dominate the real world but also extend its influence into the cryptocurrency space through these stablecoins.

#DeFi, real-world assets (#RWA), and cross-border payment systems built on dollar-backed stablecoins will attract global capital and assets, thereby digitizing and reshaping the global economic order.

In the end, the dollar may achieve its goals on-chain that it has already accomplished in the real world - consolidating its position as the global reserve asset.

Only this time, it will do so under the banner of "decentralization," quietly establishing centralized hegemony in the cryptocurrency space.