'The dollar on the blockchain is not a choice but a must-answer question—whoever embraces it first will reap the next wave of benefits.'

Brothers, US Treasury Secretary Yellen just stated: 'Blockchain is the engine of future payments, and the US dollar is about to be put on the blockchain!' This is not just casual talk; behind it are Trump’s faction and congressional bigwigs pushing the (GENIUS Act), with one goal—allowing the dollar to maintain its dominance in the blockchain era. What impact will this have on the crypto space?

1. Major policy shift: from 'suppression' to 'utilization'.

Previously, the US SEC was always monitoring the crypto space, punishing this and investigating that. But now? **'If you can't beat them, join them'**, directly putting the dollar on the blockchain and using blockchain technology to extend its life. This means that compliant stablecoins (like USDC) might become 'officially certified' on-chain dollars, significantly boosting market trust!

2. Stablecoins may win passively, but Tether (USDT) needs to be careful.

If the US government really implements on-chain dollars, then compliant stablecoins like **USDC, PAXG** will be the favored ones, while 'wildcard' stablecoins like USDT may be forced to provide more data, or risk being marginalized.

3. Are public chains like Ethereum and Solana about to take off?

The dollar on the blockchain has to have a place to run, right? **Ethereum** (the DeFi stronghold) and **Solana** (the favorite of US capital) are certainly the top choices. Today, ETH suddenly surged to **3694 USD**, because the market thinks—**'If the official is going to use blockchain, isn’t Ethereum the biggest toll station?'**

4. Bitcoin, on the other hand, becomes more stable.

If the US dollar is on the blockchain, then Bitcoin, as a 'non-official hard currency', becomes even scarcer, and the narrative of **'digital gold'** becomes stronger. Those who hold it long-term will be more resolute.

Why did ETH suddenly skyrocket today?

- News aspect: As soon as the US Treasury Secretary made a statement, the market immediately reacted—**'Blockchain is about to become mainstream financial infrastructure'**. As the leader in smart contracts, ETH will definitely be the first to reap the benefits.

- Technical aspect: ETH was stuck around 3500-3600, but today a big bullish candle broke through, and quantitative trading programs followed suit, pushing it straight to 3694.

- ETF expectations: In July, the SEC relaxed its stance on Ethereum ETFs, and with this wave of policy support, funds are betting in advance.

But don't get too carried away!

- Short term: The market is filled with FOMO sentiment, be cautious of positive news leading to a pullback.

- Long term: If the dollar truly goes on-chain, ETH, SOL, and these public chains will be the 'on-chain dollar highway', and their value may be reassessed.

'In the era of the dollar on the blockchain, are you prepared to watch from the sidelines or layout your strategy in advance? Are you trapped? When to bottom out? As always, if you're confused and don't know what to do, tap on my profile and comment. I need fans, and you need reference #ETH破3700