The US dollar stablecoin bill is a shift in US financial strategy and a necessary condition for BTC to reach $1 million, provided that the scale of US dollar stablecoins reaches over 2 trillion Why did the United States release stablecoins?! One sentence: US Treasury bonds cannot be sold anymore, and their financial attractiveness has declined. The United States has shifted from its old strategy of "containing encryption and protecting the hegemony of the US dollar" to a new approach of "embracing uncertainty and solving economic difficulties". The threshold for traditional US Treasury bonds is high, and retail investors cannot afford to play - the logic is simple: '1 USD stablecoin=1 USD cash' But the former can bring 5% -8% annualized returns on US Treasury bonds through the on chain market, while the latter is eaten up by inflation. Which one do you choose? The answer is self-evident. The Trump administration's endorsement of stablecoins is essentially using them to bind to US bonds, attract retail investors and large funds, and revitalize the US bond market. This is not only policy loosening, but also a new trend for global capital. The biggest winner of the bill: putting USDT USDC in the on chain revenue market wallet is dead money, but investing in reliable DeFi platforms is golden chicken. At present, the scale of stablecoins on the chain is 250 billion US dollars, and it is expected to exceed 2 trillion US dollars around 2030. The additional one trillion yuan of funds will most likely be used by institutions to buy DeFi products anchored in US bonds. What is the potential for imagination in the on chain revenue market? Two major leaders worth paying attention to: ONDO (@ OndoFinance): Backed by BlackRock, with top-notch compliance, its US Treasury tokenization product USDY is a powerful asset for Wall Street funds. PENDLE (@ pendle_fi) is the king of the Web3 revenue market, with a TVL of 4 billion US dollars and accounting for 30% of the global revenue stablecoin market traffic. By using PT and YT mechanisms, players can freely price, trade, and leverage, maximizing their profits. @OndoFinance @pendle_fi