Dollar stablecoin nuclear level crushing! RMB's last stand, is Hong Kong the final card?

News: Dollar stablecoins are going crazy, and China is forced to step in

The Americans are really ruthless with this move! The GENIUS Act strongly pushes for dollar stablecoins to be 100% pegged to U.S. Treasuries, directly allowing the trading volume of 'on-chain dollars' like USDT and USDC to soar to $28 trillion, accounting for 99% of the global stablecoin market share. This is not financial innovation; it is clearly Dollar Hegemony 2.0, using blockchain technology to lock global funds into the U.S. Treasury pool! If China continues to pretend to be asleep, cross-border payments and capital flows will be completely squeezed by the Americans — even transferring money will require paying a 'toll' to the Federal Reserve.

The central bank is really anxious this time! Pan Gongsheng directly lays it all out: digital RMB + stablecoin dual-track charge, cross-border payment efficiency must be maximized. But reality is harsh, the digital RMB pilot has been running for 5 years, and the transaction volume has just exceeded 100 billion, still stuck within the country. In contrast, Hong Kong's 'Stablecoin Regulations' took effect on August 1, directly throwing out a 1 trillion offshore RMB liquidity pool, testing cross-border settlement, clearly aiming to seize the digital RMB's share.

Market sentiment: Longs and shorts are cutting each other, retail investors are becoming cannon fodder.

The crypto circle is now ridiculously divided! On one side, Citic Securities is wildly promoting the stablecoin industry chain (Ant Group, JD stock prices are skyrocketing), while on the other, the regulatory authorities declare 'private tokens are illegal', directly shutting down USDT trading domestically. On-chain data is even more stimulating: 70% of XRP and BTC chips have been taken over by new retail investors, with whale costs at $0.3, current price at $2.4, a premium of 700%! Just ask if you dare to take the plunge?

Result? 500 million XRP transferred to cold wallets is touted as 'institutional bottom fishing', but in reality, 90% is exchanges flipping between hands. Historical replay warning: in 2021, whales hoarded 50 million coins to pump 200%, and the SEC's lawsuit halved the price in an instant!

Technical aspect: $2.3 is the life-and-death line, breaking this level will cause a crash.

The weekly inverted V pattern has formed, RSI has dropped from 68 to 41, and $2.3 has become a meat grinder for longs and shorts. If it falls below, directly look at $1.7, if it holds, it may pull back to the $2.8 pressure level. But be careful! Binance just cut XRP contract leverage from 125x to 10x, clearly warning about liquidity risk #稳定币 #BTC

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