#GENIUS稳定币法案 USDT​​: Currently only 85% cash reserves, and the audit report has long been questioned for being "inflated". As soon as the bill was introduced, it immediately moved to El Salvador, clearly evading regulation.

​​USDC​​: The parent company Circle has gone public in the US, with 96% of reserves in US Treasuries and cash, and its market value surged 12% overnight, becoming the biggest winner.

​​2. The American Abacus: Using stablecoins to harvest globally​​

​​US Treasury Buyers​​: Treasury Secretary Yellen frankly stated that stablecoins will become "the largest buyers of US Treasuries." Currently, USDT + USDC holds over $175 billion in US Treasuries, which may exceed $1.2 trillion by 2030—more than the combined holdings of China and Japan.