The Federal Reserve's view that "stablecoins will increase demand for government bonds" aligns with the mainstream opinion in the cryptocurrency community.

Although stablecoins have somewhat diverted the Federal Reserve's minting power, they indeed provide a more convenient channel for global private funds to purchase U.S. Treasury securities, and this portion of funds has also supported the demand for government bonds and the credibility of the dollar.

It is expected that by next year, the market share of stablecoins could triple.