The Bretton Woods System on the Chain: Stablecoins, US Treasuries, and the New Architecture of the 21st Century US Dollar "(by Fu Peng) states that every issuance of USDC must correspond to 1 US dollar bond/cash; Every on chain transaction is priced in US dollars; Every stablecoin circulating globally is an expansion of the usage radius of the US dollar. This enables the United States to "airdrop" US dollars to global wallets without the need for SWIFT or military projection, marking a new paradigm of currency sovereignty outsourcing. Stablecoins are the "unofficial contractors" of the US monetary hegemony. They are not meant to replace the US dollar, but rather to push it onto the blockchain, globally, and into the "no bank zone". The future Bretton Woods system will no longer occur at the Bretton Woods conference table, but through negotiation and consensus between smart contract code, on chain asset pools, and API interfaces. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=43336