Secondly, stablecoins represent the transition between the old and new financial orders, which is the process of the internationalization of the RMB in your hands and the battle against the US dollar. That’s why you can see that the related enterprises of the major a have all risen sharply.

First, let’s explain the first logic. This has overturned the wrong perception of everyone in the entire market.

I had been in the industry before the country banned cryptocurrencies, so I know all too well what impact this stablecoin bill will have on all of us.

The stablecoin bill is bound to wipe out the 3 or 4 trillion US dollars of wealth held in cryptocurrencies.

This is not something that can be blurted out. Everyone should think about what the background of the stablecoin bill is.

It is precisely to prolong the life of the United States. Currently, the credit of the United States is in decline and it can no longer issue US Treasuries. Therefore, the Stablecoin Act has been introduced, stipulating that for every dollar of stablecoin issued, one dollar of highly liquid US dollar assets of equivalent value must be purchased, mainly US Treasuries.