Recently, a series of heavy blows from Wall Street and the Fed have shaken the cryptocurrency market! First, Powell announced that 'the stablecoin regulatory framework is officially launched', followed by a coordinated action between Hong Kong and Shanghai, even Trump jumped out to shout 'cryptocurrency president' — this global financial power game has finally shifted from a covert battle to an open card game! For us retail investors, is this round of operations 'cutting leeks' or 'giving benefits'? Today, Tege will break down this grand drama in simple terms!

I. Wall Street's 'Power Grab' Script: From Passing the Buck to 'Dividing the Land Among Households'

In the past few years, cryptocurrency regulation has been like an absurd drama: the SEC says 'I am the securities police', the CFTC shouts 'I manage commodities', and the Treasury Department hides behind the scenes watching the fun. What was the result? Terra collapsed with a $40 billion evaporation, USDT was exposed for reserve fraud, and countless retail investors lost everything, leading to a regulatory vacuum that became a breeding ground for crime!

Now Wall Street has finally taken action! The new regulations directly 'divide the land among households':

Bank-backed stablecoins: managed by the Fed and banking regulators, requiring 100% reserves + real-time audits, specifically for corporate cross-border transfers;

Grassroots stablecoins: under SEC management, requiring public asset details, prohibiting 'air reserves', retail trading must first pass anti-money laundering review.

Subtext: Wall Street wants to monopolize the issuance of 'digital dollars'! Want to issue stablecoins in the future? First, ask if JPMorgan or Goldman Sachs will agree!

II. China’s 'Dual-Center' Layout: Shanghai is secretly making big moves!

Don't think this game is only played by the United States! China has long quietly laid out a 'dual-center' strategy:

  • Hong Kong: The stablecoin regulations will take effect on August 1, with only a handful of licenses issued initially, requiring issuers to hold equivalent reserves in USD/RMB, and transaction records must be traceable. HSBC and Ant Group have already submitted applications, and in the future, Hong Kong dollar stablecoins may be directly linked to the digital RMB!

  • Shanghai: Companies like Shibei High-tech and Gu'ao Technology are testing 'blockchain + cross-border payments', for example, parents of international students using stablecoins for living expenses, with fees dropping from 2% to 0.1%, and funds arriving in 10 minutes! More excitingly, the Shanghai State-owned Assets Supervision and Administration Commission explicitly supports the application of blockchain technology in supply chain finance and digital trade — isn't this paving the way for the internationalization of the digital RMB?

Opportunity point: In the future, for cross-border transfers and overseas shopping, it may be possible to directly use the 'Shanghai version of stablecoins' to bypass banks!

III. The Fed's 'Backup': The digital dollar is the ultimate BOSS

Powell says he 'supports stablecoin innovation', but his actions speak otherwise. He repeatedly emphasizes that it 'does not affect the promotion of central bank digital currencies'! Why? Because no matter how powerful stablecoins are, they are essentially 'private printing money', whereas the digital dollar is 'official printing money'!

For example: USDT claims to be pegged 1:1 to the dollar, but behind it may be US Treasury bonds, commercial paper, or even junk bonds! Meanwhile, the digital dollar is directly issued by the Fed, with 100% reserves, and can issue as much as it wants — how is this a stablecoin? It is clearly 'Dollar 2.0'!

Conspiracy theory: Wall Street promotes stablecoins, essentially helping the Fed 'test the waters' for digital currencies! Once the market is educated enough, the digital dollar will directly harvest the globe!

IV. What should retail investors do? 3 tips to seize the 'compliance bonus'

Stay away from 'shady stablecoins': under the new regulations, grassroots coins like USDT and USDC must publicly disclose reserve proofs, otherwise they will be forcibly delisted! Check your stablecoins to see if there are audit reports!

Focus on 'bank-backed stablecoins': stablecoins issued by JPMorgan and HSBC may have high thresholds, but they have maximum security! In the future, they may open up to retail investors through cooperative institutions, so it's wise to position yourself in related concept stocks, like Geer Software and New Guodu in the A-shares.

Focus on the 'cross-border payment' scenario: the blockchain cross-border payment being tested in Shanghai may cover scenarios like cross-border e-commerce and tuition payments! Related companies have already surged, but the real leaders are still on the way!

Tege's viewpoint:

This battle for stablecoins is essentially a redistribution of financial power! Wall Street wants to monopolize the issuance of 'digital dollars', China aims to break through with its 'dual-center' approach, and the Fed is secretly planning big moves — but for us retail investors, compliance = safety, regulation = opportunity!

Remember what Tege said: Don't chase prices and sell on dips, avoid air coins, keep an eye on policy trends, focus on the two main lines of 'cross-border payments + bank-backed stablecoins', and by 2025 you can also earn while lying down!

Tege's sickle is faster than that of the major players! Follow me, and I'll teach you how to counter the market!