Stablecoins are the greatest Yang Arthur Hayes @ CryptoHayes' long article truly exposes a cruel fact: the United States has long been prepared to use stablecoins to digest debt reference resources: https://cryptohayes. (substack.com)/p/quid-pro-stablecoin The pattern I have always emphasized is being fulfilled - the more open the United States is, the more conservative China is, because the sovereign credit of the United States has reached its peak Let's take a look at the recent actions of the US Treasury Department's Bessent ... The stable currency is their new currency rocket launcher. It is a means to siphon global high-quality assets through the US dollar. By allowing big banks to issue stable currency, it can transform $6.8 trillion of deposits into the purchasing power of US treasury bond bonds In addition, the Federal Reserve may stop paying reserve interest and release 3.3 trillion US dollars, injecting a total of 10.1 trillion US dollars of liquidity into the market! This is in stark contrast to the suppression of Libra in 2019. At that time, politicians shouted 'financial stability', but now they have made a 180 degree turn in support of stablecoins. Why? Because the US treasury bond bond market is going to be unsustainable .. Just look at the data of 30-year treasury bond bond yield and real value plummeting China is strictly controlling stablecoins, while the United States is aggressively promoting them. When your credit is strong enough, you can package debt monetization tools as "financial innovation", while countries with insufficient credit can only choose conservative defense we have a long way to go.