1. The U.S. Treasury's 'open scheme': Use stablecoins to lock in global liquidity
Last night, U.S. Treasury Secretary Bessent dropped a bombshell in the Senate — 'The market cap of dollar-pegged stablecoins will definitely exceed $2 trillion', directly igniting the crypto market. The core logic is simple: The (GENIUS Act) requires all stablecoins to be 100% backed by U.S. Treasury bonds or cash, meaning for every $1 of stablecoin issued, an equivalent amount of Treasury bonds must be consumed.
Data proof: Current stablecoins like USDT and USDC hold $120 billion in U.S. Treasury bonds, comparable to Germany's sovereign wealth fund. If the act is implemented, stablecoins will become the 'evergreen machine' of the Treasury bond market — Bessent's predicted $2 trillion market cap is just enough to absorb the $2.3 trillion in new bonds planned to be issued by the Trump administration over the next three years.
This move is harsher than QE! Previously, the Federal Reserve printed money to buy bonds; now it lets global retail investors use stablecoins to help the U.S. digest debt, preserving dollar hegemony without bearing the inflation scapegoat!
2. The shadow war of cross-border payments: USDT has become 'on-chain SWIFT'
Stablecoins are overturning traditional finance: Cross-border payment volume will exceed $28 trillion by 2025, crushing the total of Visa and Mastercard. In Argentina (inflation rate 210%) and Turkey (inflation rate 68%), people are frantically hoarding USDT for hedging, with dollar penetration skyrocketing to 37%.
An even darker scheme: The U.S. rebuilds its clearing hegemony through on-chain stablecoins. For example, Iran uses USDT to buy oil, directly bypassing SWIFT sanctions; Russia pays India for oil with USDC, while the Federal Reserve passively collects minting taxes. Bessent makes it clear: 'This is the 21st-century oil dollar system!'
Guide:
Hold BTC/ETH to combat fiat inflation;
Small positions in compliant stablecoin tracks (like MKR, AAVE);
Steer clear of shady projects, only engage with compliant platforms like Binance to avoid frozen accounts.
3. Fatal loophole: Tether's dark history + Treasury bond landmines
Don't be fooled by Bessent! Behind the $2 trillion market cap of stablecoins lie three hidden dangers:
History of reserve fraud: In 2023, Tether was fined $41 million for falsely reporting reserves. Who can guarantee 100% backing now?
Liquidity crisis in U.S. Treasury bonds: If the Federal Reserve cuts rates leading to a Treasury bond sell-off, the risk of stablecoin runs will surge (see the 2023 Silicon Valley Bank disaster);
Regulatory arbitrage: Exchanges like Binance have begun requiring stablecoin issuers to submit real-time reserve proofs, and small tokens can become worthless at any time.
Historical lesson: Before the collapse of LUNA in 2022, its market cap also exceeded $40 billion. The $2 trillion bubble bursting will be louder than the Lehman Brothers' explosion!
Wealth-building strategy:
Hoard BNB to capitalize on Launchpool benefits;
Engage in compliant stablecoin-related projects (like ONDO, MKR);
Buy the dip on BTC, add to positions below $85,000 with closed eyes.
Remember: Bull markets often have sharp drops, but bear markets specifically hunt down mindless gamblers — either follow Bessent for soup or become cannon fodder for U.S. Treasury bonds!
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