New weapon of US dollar hegemony? The wave of stablecoin compliance has swept the world. with Circle listed and PayPal entering the market. Compared with the central bank's digital currency (such as the digital RMB). it reveals the national strategy a

Paid channel subscription: https://www.youtube.com/channel/UCUGLhcs3-3y_yhZZsgRzrzw/join **Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh Family! Stablecoins are legalized! This is huge news! No one is allowed to not know! 😱 Today I must talk to you about this "new money" that may change our lives! ** To be honest, when I heard the word "stable coin" before, I was confused and felt that I had nothing to do with us ordinary people! But recently, the United States and Hong Kong have begun to give the "green light" to stablecoins, and even Musk and Zuckerberg are eager to try to get their own stablecoins! I broke the defense directly! What exactly is this thing? Why is it so popular? What benefits can ordinary people get from it? Come and draw the key points with me! 🔥 **What is a stablecoin? Simply put! ** It is a digital currency that is 1:1 pegged to "real money" such as the US dollar and the euro, such as USDT and USDC. The prices are very stable and do not jump up and down like Bitcoin! Now the US government has agreed, forcing issuers to save enough real money and even buy US bonds to ensure safety! What does this mean? In the future, you may use stablecoins to buy coffee, transfer money, and pay across borders, and the payment will be almost 0 in seconds! Isn't it very fragrant? 😍 **What can ordinary people do? ** 1. ** Cross-border transfer artifact! ** Family, have you tried international transfers? The handling fee is so expensive that I cry, and the time is still ridiculous! Stable coins directly kill traditional banks, with a cost as low as 1 cent and a payment in seconds! In the future, I will send money to foreign relatives and buy overseas goods, and it will be so cool! 2. **Small investment opportunities! ** Companies like Circle (USDC issuer) have been listed and their stocks have doubled! Although stablecoins cannot be traded directly in China, you can make a small profit by paying attention to related concept stocks! 3. **New payment methods in the future! ** Apple Pay supports USDC payment! In the future, you can buy things with stablecoins by browsing your phone, which is simply opening the door to a new world! ✨ **But be careful! ** Currently, stablecoins are strictly controlled in China, and transactions and holdings are not legal! So, family members, we can only understand the trend first, and don’t rush around! Safety first! ⚠️ **I want to say it last! ** The era of stablecoins is really coming! This may not only be a matter of the "currency circle", but will completely change our payment and transaction methods! Some people even say that this is a new weapon of US dollar hegemony! Ahhhhhhhhhhhhhh! I can't wait to see the future! What do you think will be a stablecoin? Come and talk to the comment section! By the way, like and collect it, don’t miss this trend! 💥 New weapon of US dollar hegemony? The wave of stablecoin compliance has swept the world, with Circle listed and PayPal entering the market. Compared with the central bank's digital currency (such as the digital RMB), it reveals the national strategy and investment opportunities behind blockchain finance. The wave of stablecoin compliance is sweeping the global financial market. The United States and Hong Kong have successively issued regulatory bills, paving the way for the large-scale development of major US dollar stablecoins such as USDC and USDT. Circle's successful listing and PayPal's issuance of PYUSD are even more fueled. This trend not only profoundly affects the efficiency and cost of cross-border payments, but is also regarded as an important step in consolidating the hegemony of the US dollar, in sharp contrast with the centralized management model of the China Central Bank's digital currency (digital RMB e-CNY). Although the Hong Kong dollar stablecoin is trying to seek opportunities in the cracks, its character of anchoring the US dollar and the mainland's ban on stablecoins make its role a little embarrassing. Stablecoins have limited impact on the U.S. bond crisis by purchasing short-term US bonds, but their operation on the blockchain public chain, the flexibility of smart contracts, and the promotion of the DeFi ecosystem indicate a financial innovation led by private institutions, which will bring disruptive changes to personal investment and financial management and corporate financing, although risks and regulatory challenges coexist. 00:00:00 Opening greetings and welcome new members 00:00:35 Preliminary response to the "Ma Qiansui" incident 00:01:49 Today's live broadcast content preview: Stablecoin topic 00:03:03 The stablecoin theme was officially introduced 00:03:14 The recent accelerated development of stablecoin and the attitude of governments in various countries 00:04:26 Analysis of the core provisions of the US stablecoin bill 00:06:50 Listing of USDC issuer Circle and its impact 00:07:41 Circle's profit model: US bond interest and transaction fees 00:09:23 The "three readings passed" of the Hong Kong stablecoin bill and JD Hong Kong dollar stablecoin 00:11:39 Comparison introduction of USDT and USDC 00:11:50 USDC features: Compliance, Transparency and Reserve Security 00:13:21 USDT (Tether) Features: Scale, Liquidity and Risk Assets 00:16:35 Can stablecoins solve the US debt crisis? 00:18:11 US dollar stablecoin and US dollar hegemony: strengthening rather than weakening 00:19:33 US strategy of choosing stablecoins over central bank digital currency (CBDC) 00:21:13 Comparison of stablecoins and central bank digital currency (such as digital RMB) 00:21:59 Characteristics and limitations of digital RMB (e-CNY) 00:25:02 Characteristics of stablecoins: private issuance, public chain operation and DeFi participation 00:28:08 Cross-border payment methods: SWIFT, PayPal, CBDC and stablecoins 00:33:08 Mainland China's position on stablecoins and special roles in Hong Kong 00:35:33 RMB stablecoin vs Hong Kong dollar stablecoin: M2 total amount and prospect analysis 00:39:01 The significance and risks of stablecoins to ordinary people (illegal in mainland China) 00:40:06 The significance of stablecoins to players in the currency circle: pricing standards and compliance exits 00:41:49 The significance of stablecoins to enterprises: convenience of cross-border transactions and new financing channels 00:42:25 The future outlook of compliant stablecoins: layout of technology giants (X Money, Diem, PYUSD) 00:45:19 The profound impact of stablecoins on transaction efficiency and economic model 00:46:06 Summary: The arrival of the stablecoin era and its main views 00:46:51 Enter the audience interaction and chat period 00:48:16 Discuss the potential impact of the Great American bill on the future of the US dollar 00:50:49 The current status and promotion challenges of digital RMB Good evening, welcome to listen to Lao Fan’s storytelling live broadcast on Friday. Today we talked about the rapid development of stablecoins and the global compliance process. First, the US stablecoin bill requires issuers to be licensed, accept bank-level supervision, and reserve high-liquidity assets in full 1:1, prohibiting the payment of interest, and ensuring transparent redemption policies. Then, the surge in Circle (USDC issuer) after its listing and the "three-read pass" process of Hong Kong's stablecoin bill was introduced. JD.com has also launched the Hong Kong dollar stablecoin JD-HKD for cross-border settlement. The focus is on comparing the differences between USDC and USDT: USDC is strictly regulated by the United States, and its reserves are transparent and safe; USDT is issued by private companies, with low transparency and a small amount of high-risk assets in its reserves. Although stablecoins are required to purchase short-term US bonds, they are too small (about US$300 billion) to solve the 36 trillion US bond crisis. Instead, they may strengthen the hegemony of the US dollar, because the current mainstream stablecoins (USDT, USDC, PYUSD) are all anchored by the US dollar. In addition, the differences between central bank digital currencies (such as digital RMB) and stablecoins are discussed: the former is centrally managed by the central bank and has limited usage scenarios; the latter operates on the public chain, with high freedom but greater risks. The Hong Kong dollar stablecoin is in an awkward situation due to its anchoring to the US dollar and its small economic size, while the RMB stablecoin cannot be launched due to policy restrictions. Finally, we look forward to the potential impact of stablecoins on the socio-economics, including the entry of giants such as PayPal, X Pay, and Zuckerberg, as well as the rise of new trading models such as micropayment. The live broadcast is also interspersed with audience interaction, such as the digital RMB experience lag, risk warning of currency speculation, etc., and ends with an easy topic (such as the NS2 purchase plan). Overall, the era of compliant stablecoins has arrived, and it will profoundly change the financial ecosystem, but the dominance of the US dollar may be further consolidated. Welcome to the Discord discussion server: https://discord.gg/ppKsNkttTv