The Federal Reserve's Policy Challenges and Decentralized Stablecoin Innovations
Policy and Market Uncertainty
U.S. August non-farm employment data fell far below expectations (22,000 new jobs vs. an expected 75,000), and historical data has been significantly revised downwards. Trump publicly questioned the authenticity and had previously fired statistical officials for this reason.
The Federal Reserve is caught in a dilemma over whether to turn to easing based on distorted data, leading to increased market volatility.
Accelerated Innovation in Decentralized Stablecoins
By 2024, the market value of decentralized stablecoins is expected to exceed $30 billion, with a growth rate exceeding 60%. Projects like Lista are leading the following innovations:
Technological Breakthroughs: Collateral expands to diverse assets such as RWA; cross-chain circulation (e.g., lisUSD across 6 chains in less than 3 minutes); AI risk control (liquidation prediction accuracy of 85%)
Yield Innovations: Breaking the zero-yield model, providing 3-8% annualized returns through staking and liquidity mining
Compliance Progress: Implementation of the EU MiCA, advancement of U.S. legislation, licensing in Hong Kong, with Lista and others having obtained EMI licenses
Future Trends
The RWA collateral ratio is expected to rise to 30%, with accelerated interoperability with CBDCs, upgrades to smart contracts, and institutional holdings projected to reach 40%.
Macroeconomic uncertainty may drive funds toward yield-generating stablecoin allocations.
