The United States promotes stablecoin legislation, which can be considered a type of 'strategic maneuver'.

On one hand, the U.S. hopes to weaken the dollar policy to increase exports, while on the other hand, it does not want to give up the dollar's status as a global currency.

By supporting the development of stablecoins, the U.S. has extended the global influence of the dollar in a digital way without increasing the Federal Reserve's liabilities—currently, 99% of stablecoins are pegged to the dollar. At the same time, the regulatory requirement for stablecoins to hold U.S. short-term government bonds as reserves cleverly finds new buyers for U.S. Treasuries, similar to how Tether's holdings of U.S. Treasuries have already surpassed those of many developed countries.

This policy not only maintains the global dominance of the dollar but also finds reliable buyers for the U.S.'s massive debt, achieving two goals with one action.

Citi estimates that the stablecoin market could reach $1.6-3.7 trillion by 2030, a staggering fortune—who can catch it?