On June 12, 2025, U.S. Treasury Secretary Bessent dropped a "financial nuclear bomb" in the Senate—he claimed that the stablecoin market would soar to $2 trillion and bluntly stated that this was a "reasonable and conservative prediction." This statement caused an instant uproar in global financial markets, as it not only concerns the future of cryptocurrency but also hides a stunning layout for the U.S. to reshape the dollar's hegemony!
The dollar's "digital doppelgänger" becomes a new nuclear weapon
The "GENIUS Act" promoted by Bessent requires that stablecoins must be 100% backed by U.S. Treasury bonds or cash, which means that for every $1 of stablecoin issued, an equivalent amount of U.S. bonds must be locked in. Currently, Tether holds over $120 billion in U.S. bonds, comparable to the scale of Germany's sovereign wealth fund! If the act is implemented, stablecoins will become the "perpetual motion machine" of the U.S. bond market, and the $2 trillion scale will directly absorb the additional debt incurred during the Trump administration.
A new way to harvest globally
Stablecoins are aggressively seizing territory in the form of "digital dollars": cross-border payment volume has reached $28 trillion, surpassing the total of Visa and MasterCard combined! In countries like Argentina with an inflation rate of 200%, people are frantically hoarding USDT as a hedge, allowing the Federal Reserve to penetrate corners of traditional banks without firing a single shot. Even more ruthlessly, the U.S. is using this to bypass the SWIFT system and rebuild clearing hegemony through underlying blockchain protocols!
A life-and-death gamble hides deadly traps
Although Bessent claims that regulation can prevent risks, Tether's past history of being fined $41 million for reserve fraud, combined with the potential for a run on the bank triggered by fluctuations in U.S. bond yields, means that the $2 trillion market could instantly turn into a financial nuclear bomb. If this gamble succeeds, U.S. dollar hegemony will be extended for another 50 years; if it fails, the world may witness an on-chain financial crisis of the magnitude of 2008!
Bessent's prophecy is by no means empty talk, but rather a manifesto for the U.S. to launch a digital currency cold war. When the $2 trillion stablecoin tide sweeps the globe, dollar hegemony is being reborn in the form of code, and this smoke-free currency war may hinge on a moment's notice!
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