The National Innovation Guidance and Establishment Act for Stablecoins in the United States was overwhelmingly passed by a Senate committee with an overwhelming advantage of 18:6, and was supported by both parties. According to the requirements of the bill, stablecoin issuers must register, have a 1:1 sufficient collateral reserve, and include a blacklist freeze function. This means that there is little room for algorithmic stablecoins and purely decentralized stablecoins to survive. In addition, this bill is another form of extension of the hegemony of the US dollar, especially emphasizing that collateral reserves include US bonds. Now, 80% of USDT is used to buy US bonds, holding billions of dollars. Previously, the main buyers of US bonds were various countries, but now stablecoins are equivalent to sucking on all virtual currency users around the world. As long as you have 1U in your wallet, it is equivalent to automatically purchasing 0.8U of US bonds