Stablecoins have completely taken over Bitcoin, becoming the new favorite.
Stablecoins have completely taken over Bitcoin, becoming the new favorite. Last night, the US Congress passed a bill, and the dollar has started to support stablecoins. This means that stablecoins may be used as money in the future and could potentially replace currency. Last night, stablecoins surged by 33.82%. In just a few days, they multiplied six times, something other stocks wouldn't even dare to imagine. Thinking about Bitcoin, as a cryptocurrency, it was initially given away for free and no one wanted it. Now it has surpassed $10 each, and it is truly a god-like existence. However, the difference is that Bitcoin was just speculated and has no practical significance, whereas stablecoins are cryptocurrencies anchored to fiat currencies via blockchain. Bitcoin is only for investment, but stablecoins can actually be used as money.
Traditional financial giant HSBC Hong Kong is going big on blockchain this time! No longer small-scale experiments, but a full-scale effort! HSBC Hong Kong is accelerating its blockchain strategy—launching tokenized deposits, tokenized gold, and exploring tokenized bonds and custody services. HSBC declares: the next 2 to 5 years will be a boom period for 'real asset tokenization'! Imagine houses🏠, famous paintings🎨, and even company shares📈 being broken into 'digital fragments' that can be freely bought and sold on the public blockchain? HSBC believes this wave is coming soon! Therefore, they expect the tokenization of real-world assets (RWA) on public blockchains to surge in the next 2-5 years. Traditional finance (TradFi) is no longer just an experiment—it's rapidly advancing.
Alipay's father, "Ant Group," wants to legally issue fiat-backed digital stablecoins in Singapore, Hong Kong, and Europe (Luxembourg), directly challenging USDT issuer Tether; even more aggressively, Ant aims to use these three financial strongholds as leverage to embed its blockchain technology into the global payment system, allowing European merchants to receive payments for Yiwu goods in Ant's Euro stablecoin, Hong Kong residents to scan Taobao with digital Hong Kong dollars in seconds, and even possibly reconstruct the traditional banks' stronghold over cross-border settlement hegemony! Specifically designed for doing international business—like opening a "global Alipay," but using blockchain technology. 💡 What impact could this have on us ordinary people? In the future, when you buy foreign goods on Taobao, you might directly use the "electronic Hong Kong dollar" issued by Ant for payment (no need for currency exchange!) However, when you shop with this electronic money in Singapore, Ant Group will know everything (centralized monitoring risk).
The bull market in the cryptocurrency market has not started yet, but the A-share market has started to rise first. Go all in, and the index will be at 5,000 points by the end of the year.
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