In the future, all currencies will have trading pairs with $USD1 , and this process won't take too long, maybe just next month!

What I've always been worried about! It has finally arrived! The cryptocurrency world has exploded! Tables are being flipped! The U.S. Senate has created a huge BUG, passing that 'genius bill' the 'National Innovation Act for Guiding and Establishing U.S. Dollar Stablecoins' with 66 votes to 32. Trump has started playing abstract! He has established rules for stablecoins like USDT and USDC, which are '1 dollar for 1 coin': they must hold real cash or short-term U.S. Treasury bonds as reserves, publish their accounts monthly, and accept bank supervision, especially for large holders (market cap over 10 billion), who will be monitored more closely. No one can cheat or deceive!

The global financial and economic circles have exploded! Because the interests involved are too significant!

Some say this is the lifeline for the U.S. dollar, as U.S. debt has already piled up to 36 trillion dollars, with enormous amounts maturing in 2025 and 2026, and Trump is in a hurry. Meanwhile, stablecoins have quietly become the 'buyers' of U.S. debt, with Tether alone holding 120 billion in U.S. debt, more than Germany, ranking 19th globally! Once the bill passes, more stablecoin companies will have to obediently buy U.S. debt as reserves, essentially stuffing the U.S. debt market with a 'lifesaver 💊.'

What's even harsher is that the bill directly bans non-U.S. dollar stablecoins, forcing global players to continue using the U.S. dollar for on-chain settlements, clearly aiming to upgrade U.S. dollar hegemony to 'Blockchain Version 3.0' and strongly pushing 56702760890. Let's pause here and think deeply—it's terrifying! Really!

But can this 'genius' really hold up against the collapse of U.S. debt? The total scale of stablecoins is only 232 billion dollars; filling the U.S. debt gap is like a mosquito carrying a cannon, just the annual interest is enough to drink a jar. Not to mention there are hidden dangers; if users rush to redeem USDT, it will have to dump U.S. debt for cash, causing U.S. debt to collapse immediately; or if U.S. debt collapses first, the value of stablecoin reserves will depreciate, triggering a run. This chain reaction is no less than the collapse of Luna, I tell you!

So the bill resembles a gamble by U.S. dollar hegemony in the blockchain era, leveraging world finance! With the left hand pulling stablecoins to pump blood into U.S. debt, and the right hand using compliance to choke other countries' digital currencies. If Trump plays it well, it could be a miraculous operation; if it blows up, it would be like nailing the coffin shut. Everyone knows Trump is extremely unreliable! Who knows, one day he might end up in the coffin himself!

The more I write, the angrier I get; the angrier I get, the more I write, it's all a jumble now!