Seeing the recent discussions on stablecoins, from giving new purchasing power to US bonds to future on chain asset pricing power, we finally see that some people are starting to discuss that it is essentially another expansion of the US dollar with stronger penetration. We talked about it in a tweet about the stablecoin wave in March "The trend on the chain is getting stronger and stronger, and the number of crypto people in various countries is getting larger and larger. In the real physical world, local currencies are used, but US dollar stable currencies are used on the chain. Needless to say, now all kinds of payfi projects are actively introducing stable currencies into various offline actual consumption scenarios. In the future, many people may not touch their own currencies to complete consumption directly through these payment projects. In this sense," many countries are de dollarizing, but the US dollar stable currency will directly draw people from all countries to the US dollar camp in the future "is the interception of non US people on the chain. Another form is to strengthen the US dollar, which is more drastic. ”This is of greater significance to the United States in terms of the new purchasing power of US bonds. It is a well planned strategy. Whoever takes the lead in anchoring stablecoins in fiat currencies can provide space to squeeze other countries' currencies,