The onslaught of stablecoins is unstoppable, and the biggest resistance likely comes from the old money that profits enormously from the payment and settlement layers of the old system.

The narrative promoted by the Trump group is 'make America great again', and two of the most important directions are the shadow government and the old economy, which are closely interconnected.

However, the economy is globalized; recently, many companies in the U.S. and South Korea have started to make noise about issuing stablecoins. Imagine if a company has the opportunity to 'print money', wouldn’t they find a way to get involved? Not to mention that the backing for printing money could be fiat collateral, U.S. dollars, or bonds—once they have the chance to join the money-printing game, the opportunities for manipulation are abundant.

However, the more this happens, the more I feel that the knockoffs have little chance. Participants in this entire process—public chains, wallets, cross-chain bridges, staking, etc.—all have stable sources of profit, while the opportunities for ordinary people are compressed down to just memes.