Odaily Planet Daily News: Huatai Securities Chief Macro Economist Yi Han analyzed that loosening bank regulations and promoting the issuance of stablecoins may temporarily increase demand for U.S. Treasuries and liquidity supply, and even to some extent alleviate the supply-demand contradiction of U.S. Treasuries. However, in the short term, 'creating' demand for U.S. Treasuries may instead amplify their long-term risks. In addition, the 'Big and Beautiful' bill is expected to increase the U.S. fiscal deficit by more than $4 trillion over the next decade, exceeding the previous version from the House of Representatives. Deutsche Bank has previously pointed out that this bill may significantly promote the dollar stablecoin, increase domestic financial repression, and pressure the Federal Reserve to cut interest rates and significantly weaken the dollar. (Caixin Network)