Recently, the actions of the Federal Reserve have shaken the cryptocurrency market! First, Powell announced that the 'regulatory framework for stablecoins is officially launched', followed by strong moves from Hong Kong and Shanghai, even Trump joined the discussion, calling himself the 'crypto president'. This global financial power struggle has finally shifted from behind-the-scenes battles to open confrontations! For ordinary retail investors, is this wave of actions a 'harvest' or 'benefits'? Today, Tege will analyze this grand performance one by one in simple and easy-to-understand language!
I. Wall Street's 'power grab' drama: from chaos to precise strikes
In the past few years, cryptocurrency regulation has been nothing short of an absurd drama: the SEC claims to be a securities regulator, the CFTC claims to regulate commodities, while the Treasury remains aloof. However, this regulatory vacuum has brought disaster—Terra collapsed, USDT reserve issues were exposed, and retail investors faced immeasurable losses. Now, Wall Street has finally taken action, with new rules clearly delineating regulatory powers:
- Bank-backed stablecoins: regulated by the Federal Reserve and bank regulatory agencies, requiring 100% reserves, and real-time audits, specifically for corporate cross-border transfers;
- Grassroots stablecoins: regulated by the SEC, requiring public asset details and prohibiting 'air reserves', retail transactions also need to go through anti-money laundering reviews.
Subtext: Wall Street's goal is to completely control the issuance rights of 'digital dollars'! Want to issue stablecoins? You must first pass through JPMorgan and Goldman Sachs!
II. China's 'dual-center' layout: Shanghai quietly makes a move
This contest is not just a solo effort from the United States! China has quietly laid out a 'dual-center' strategy:
- Hong Kong: The stablecoin regulations officially took effect on August 1, with a very limited number of initial licenses issued, and issuers must hold an equivalent amount of US dollars or RMB reserves, 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 yuan!
- Shanghai: Multiple companies are testing 'blockchain + cross-border payment' solutions, which are expected to significantly reduce the fees for cross-border remittances and accelerate the speed of fund arrivals. At the same time, the Shanghai State-owned Assets Supervision and Administration Commission has also stated its support for the application of blockchain technology in supply chain finance and digital trade, indicating that the internationalization of the digital yuan is gradually unfolding!
Opportunity point: In the future, cross-border payments may be made through the 'Shanghai version of stablecoins', bypassing traditional banks and saving a lot on fees!
III. The Federal Reserve's 'follow-up move': the digital dollar is the ultimate weapon
Although Powell publicly expresses support for the innovation of stablecoins, he repeatedly emphasizes that it 'does not affect the promotion of central bank digital currencies (CBDCs)'. Why? Because no matter how stable stablecoins are, they are ultimately 'private money printing', while the digital dollar is the 'official currency'!
For example, USDT currently claims to be pegged 1:1 to the US dollar, but it may rely on US Treasury bonds, commercial paper, or even junk bonds, whereas the digital dollar is directly issued by the Federal Reserve, guaranteeing 100% reserves and can be issued freely—this is simply 'Dollar 2.0'!
Conspiracy Theory: Wall Street pushes stablecoins, which is actually a trial for the Federal Reserve's digital currency! Once the market's acceptance of digital currency increases, the digital dollar will face large-scale harvesting.
IV. How should retail investors respond? 3 tips to seize the 'compliance dividend'
- Stay away from 'fly-by-night stablecoins': Under the new regulations, stablecoins like USDT and USDC that cannot provide clear reserve proof may face delisting risks. Quickly check if the stablecoins you hold have formal audit reports?
- Pay attention to 'bank-backed stablecoins': Although stablecoins issued by banks like JPMorgan and HSBC have a high threshold, they are relatively safe. In the future, they may open up to retail investors through cooperative institutions, so it's wise to prepare relevant concept stocks in advance, such as Ger Software and NewGuodu in the A-share market.
- Focus on 'cross-border payment' scenarios: The blockchain cross-border payment currently being tested in Shanghai may cover areas such as cross-border e-commerce and overseas study payments in the future! Related companies' stock prices have already soared, but the real leading enterprises are still emerging.
Qifei's summary:
This stablecoin battle is essentially a redistribution of global financial power! Wall Street wants to monopolize the issuance of 'digital dollars', while China breaks through with its 'dual-center' layout, and the Federal Reserve is secretly planning the grand launch of the digital dollar. For retail investors, compliance = safety, regulation = opportunity!
Remember Qifei's words: Don't blindly chase highs and sell lows, stay away from air coins, pay attention to policy trends, and grasp these two main lines of 'cross-border payments + bank-backed stablecoins'; by 2025, you can also easily make money!
Qifei's strategy is faster than that of the big players! Follow me, and I'll teach you how to seize market opportunities and win in the future!
