In recent days, the crypto market has been hit hard—Powell announced the launch of stablecoin regulatory framework, Hong Kong and Shanghai joining forces, and even Trump shouting, 'I am the cryptocurrency president.' This global financial power play has finally turned from a covert battle to an open game.
① Wall Street: From 'passing the buck' to 'land distribution'.
In the past, regulation was a mess, with the SEC, CFTC, and Treasury pushing blame onto each other, resulting in the Terra crash, USDT controversies, and retail investors being harvested.
Now directly set the rules:
Bank-backed stablecoins → Fed regulation, 100% reserves + real-time audits, exclusively for cross-border transfers.
Grassroots stablecoins** → SEC regulation, public asset details + anti-money laundering review.
Subtext: Want to issue a coin? First, get past JPMorgan Chase and Goldman Sachs.
② China's 'Dual Centers': Hong Kong issues licenses, Shanghai pushes scenarios.
Hong Kong: Stablecoin licenses effective from August, reserves traceable, first batch issues only single digits, HSBC and Ant Group have applied.
Shanghai: Testing 'blockchain + cross-border payments', study abroad remittance fee rate of 0.1%, arrives in 10 minutes; State-owned Assets Supervision and Administration Commission increases blockchain applications in supply chain and trade.
Opportunities: In the future, overseas shopping and cross-border transfers may directly use the 'Shanghai version of stablecoin' to bypass banks.
③ The Fed's backup: The digital dollar is the ultimate boss.
Stablecoins are just experimental fields; the digital dollar is the main event—official 100% reserves, can be issued anytime, directly harvesting globally.
④ Three strategies for retail investors
1. Stay away from unaudited 'sham stablecoins'.
2. Focus on 'bank-backed stablecoins' and related concept stocks
3. Focus on the application of 'cross-border payment' scenarios.
Core conclusion: This is not just a crypto event, but a financial version of 'Game of Thrones.' Regulation is not the end, but a new starting point—those who go with the trend reap rewards, while those who go against it will exit.
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