#GENIUS稳定币法案 Let me make a prediction, stablecoins will not save US Treasuries

1. Stablecoins are pegged to the US dollar, they are just a different form of exchanging US Treasuries. Although these coins can only be used in virtual markets and black markets, you can also understand it as converting the dollars in the virtual market into your own market. The virtual currency market is essentially operating with stablecoins, which are hypothetical tokens, creating virtual wealth.

2. If the goal of stablecoins also includes international trade, then this issue carries the nature of currency issuance. If it is a 1:1 exchange, then what is the difference between using stablecoins and directly using US dollars? This is essentially an increase in the issuance of US dollars. The basis for this increase in US dollars still comes from the increase in US Treasuries, accumulating the crisis of high US Treasuries. Compared to the current situation, it is just finding more US dollars to pay for the purchase of Treasuries and the interest on expenses, without solving the US Treasury crisis. The US Treasury crisis has not been resolved. After all, other countries have a limited amount of money and will not print it recklessly; a small portion may buy US Treasuries through stablecoins, but this cannot withstand the greed for US Treasuries.