Many ignorant cryptocurrency enthusiasts believe that stablecoins can significantly expand the circulation of the US dollar worldwide. In fact, you only need to do one thing to understand how naive this viewpoint is You can go to any major country in the world now, open your encrypted wallet, and try to make peer-to-peer payments in USD stablecoins to purchase local services and goods. It's not through a third-party exchange platform, it's peer-to-peer. Locals accept USD stablecoins and trade local goods and services. Do you think you can use stablecoins for local peer-to-peer consumption? Do you think the local government will not crack down on such behavior that disrupts the financial order of the country? The issuers of US dollar stablecoins will to some extent extend the lifespan of US bonds. However, the BRICS countries are gradually abandoning the US dollar as a trade settlement currency, and major countries in the world are no longer using the US dollar to settle foreign trade. These are all gradual historical trends. The ultimate loss of reserve status of the US dollar cannot be reversed by just one stablecoin The status of the US dollar is the result of the global pursuit of universal values, liberalism, and free trade after World War II, which all came to an end during the Trump era The current purchasing power and lifestyle of Americans are directly linked to the reserve status of the US dollar. When gold gradually replaces the US dollar to settle global trade, it is needless to say how the American lifestyle will change