The central bank is personally getting involved in blockchain? The good days for 'wild children' like USDT and USDC are probably coming to an end! President Pan's words are simply ringing the death knell for private stablecoins!
Pan Gongsheng said to use blockchain for central bank digital currency CBDC, sounds lofty? In simple terms, it means the national team is coming in with the real deal to clear the field! Why? The first blow is efficiency: using blockchain for global bookkeeping, cross-border payments as fast as lightning, the old SWIFT system is likely to be 'paralyzed'!
The second blow to trust: Waiting for various countries' CBDCs, who would still dare to trust USDT, this 'private IOU' without state backing? It can turn into waste paper with a word! Think about it, in 2023 Tether was exposed with a $19 billion hole, relying on crazy money printing to muddle through? It's terrifying to think about!
The ultimate move has been revealed: the digital RMB trial is already in 26 provinces and cities, and countries like Thailand and the UAE are using our technology to build cross-border payment networks! The national team is moving at an astonishing speed!
The bloody reality, the giants have all run away:
As soon as President Pan finished speaking, the market immediately changed!
BlackRock quickly applies for IBIT—a stablecoin backed by real US Treasury bonds, clearly aiming to seize territory!
The US SEC announced a major investigation into algorithmic stablecoins in July, regulatory measures are coming down!
Do you understand? The national team is entering the field, and the first thing is to clean up the 'wild paths'!
What should retail investors do? Three ways out:
Hurry up and withdraw! Is 90% of your wallet in USDT? At least transfer half out! Look for channels backed by the state, such as offshore RMB related channels.
Hug the big leg! Wait for the real compliant stablecoin IBIT from BlackRock to go live, earn interest on government bonds, and save Gas fees on transfers.
Follow the trend! Prepare the central bank chain ecology in advance! Those companies participating in the cross-border trial of the digital RMB may hold the opportunities.
Confused about trading and afraid of pitfalls? Want to seize this wave of CBDC wealth?
Hurry up and click my avatar to follow! In-depth analysis, first-hand information, this bull market will help you steadily advance without getting lost!
