Powell strikes hard! The era of digital dollars is coming, will USDT and USDC cool down?

Wall Street's power grab: a major reshuffle in the stablecoin arena

In recent years, the regulatory chaos in cryptocurrency has been rampant: the SEC and CFTC passing the buck, while the Treasury watches from the sidelines. The result? Terra's collapse wiped out 40 billion, USDT's reserve fraud was exposed, and countless retail investors lost everything!

Now Wall Street finally takes action:

Bank-backed stablecoins: direct regulation by the Federal Reserve, 100% collateral + real-time audits, exclusively for large enterprises

Grassroots stablecoins: SEC strict management, must transparently disclose assets, retail trading must pass anti-money laundering checks

Implication: the stablecoin market will now be the territory of Goldman Sachs and JPMorgan, and the good days for "private currencies" like USDT are over!

China's dual-city story: Hong Kong issues licenses, Shanghai breaks the impasse

Don't think only the U.S. is playing:

Hong Kong: Implementation of the "Stablecoin Regulation" on August 1, HSBC and Ant Group rush in, possibly directly pegged to the digital RMB in the future

Shanghai: Testing blockchain cross-border payments, fees reduced from 2% to 0.1%, and funds arriving in just 10 minutes

Major opportunity: Acceleration of digital RMB internationalization, the "Shanghai version of stablecoin" may disrupt traditional cross-border payments!

The Federal Reserve's ultimate weapon: the digital dollar

Powell verbally supports stablecoins, but is actually holding back a big move:

USDT may be backed by junk bonds

The digital dollar is directly issued by the Federal Reserve, with 100% reserves

The truth: private stablecoins are just test products, the digital dollar is the ultimate weapon!

Retail survival guide

Immediately check your holdings: if USDT or USDC lacks an audit report, evacuate quickly

Position in bank-backed concepts: pay attention to JPMorgan, HSBC related targets

Seize cross-border payments: companies testing in Shanghai may become the next market leaders

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