A series of recent operations by the United States has made Orange Seat increasingly anxious.
Whether it's the passage of the Genius Act, the issuance of USD1, the hosting of Trump's dinner, or even the tokenization of US stocks going to the exchange.
Cryptocurrency across the ocean is booming and developing rapidly; their actions are swift and effective. With this smooth series of moves, global attention and capital are continuously flowing into this country that treats cryptocurrency as a new cornerstone.
Just like last year before Trump took office, Orange Seat said Trump would take the path of establishing a cryptocurrency country, but the sensitive content was deleted.
In contrast, over here, apart from Hong Kong following suit, we can hardly hear any voice or movement regarding this industry.
In Orange Seat's view, the entire world's payment methods have already undergone three iterations and reorganizations. We just broke out of the encirclement, thinking we could achieve a counter-encirclement, but instead, we fell into a new circle of encirclement.
The first iteration occurred after the collapse of the Bretton Woods system, with the US dollar becoming the world currency, serving as a substitute for gold and various national currencies, and seizing control of electronic currency settlement and cross-border payment rights in the wave of internet and information technology development.
The most typical representatives are credit cards and SWIFT.
Credit cards, as a means of electronic payment settlement for commercial and civilian use, have deep roots in people's hearts, and even now, European and American countries still rely heavily on this method.
And SWIFT has achieved electronic cash cross-border settlement between countries, and in the hands of the United States, it has become a tool for sanctioning other countries. This is the 1.0 version of global cross-border payment settlement, with the biggest beneficiary being the United States, which sets the rules.
The 2.0 era was led by us, specifically manifested as mobile payments.
A few years ago, the popular saying on the internet was that mobile payments, shared bicycles, high-speed rail, and online shopping had become China's new four great inventions. These innovations have indeed allowed us to overtake from behind, making the convenience of ordinary people's lives far exceed that of so-called developed countries.
To a certain extent, it has indeed broken through restrictions and explored a new direction, though still bumpy, it's better than being choked.
These are all known in the United States, but they haven't made a sound; instead, they are holding back a big move, which is the third iteration and reconstruction that Orange Seat is about to discuss—digital currency payments.
The specific manifestation of 2.0 is technical, whether it's scanning a code or tapping, its advantage lies in making payment methods more convenient, but its limitation is that it cannot reconstruct the underlying assets, that is, the monetary units.
The dominant mode of 3.0 is that the United States has borrowed this payment technology and added its exclusive asset—the US dollar.
Currently, many cross-border payment settlements globally are being conducted using stablecoins like USDT/USDC, and even in Dubai and other countries, you can directly scan the USDT payment code when shopping.
Of course, more scenarios involve not just supporting USDT digital currency payments; you can also use assets like BTC for payments, settling according to real-time exchange rates.
This is very scary. This is also why DCEP finds it difficult to achieve breakthrough accomplishments—if the global anchor currency is not converted from the US dollar to the RMB, you can innovate technologically, but so can others.
Furthermore, DCEP only supports digital RMB, while the United States, after establishing itself in cryptocurrency, can support mainstream currencies and their own derivative currencies.
No matter how you struggle, as long as the globally accepted currency remains the US dollar, that's all that matters.
Whether you are the real US dollar or digital currency dollars.
Once this logic is established, US Treasuries will no longer be held only by the state; theoretically, everyone on this planet could become a holder of US Treasuries.
Because the Genius Act states that stablecoins must be 100% backed by US dollar cash or short-term government bonds, this effectively converts the private sector's demand for digital dollars into purchasing power for US Treasuries—equivalent to making cryptocurrency players indirectly subsidize the Treasury.
This point is what Orange Seat considers the most important; everything else is just filler. The person who came up with this method is indeed a genius; no wonder it's called the Genius Act.
It can even be said that this act at least gives the United States another fifty years of life.
The think tanks over there in the United States have already made moves and have indeed made a good move.
So the question arises, what should we do?
If we firmly follow the current path, will we, after a while, be besieged into an information island?
And if we accept the release, how can we withstand the impact of the US dollar, this garbage currency?
I don't know, but I hope the higher-ups still pay attention.
I am Orange Seat, founder of Web3 Oasis, and an expert in recovering crypto assets.
