Powell draws the sword: the digital dollar is going to slaughter the city! Has the grave for USDT and USDC been dug?！！！！

Recently, several heavy blows from Wall Street and the Federal Reserve have shaken the cryptocurrency market! First, Powell announced that the "stablecoin regulatory framework is officially launched," and then Hong Kong and Shanghai coordinated their actions. Even Trump jumped in to shout "crypto president"—this global financial power game has finally shifted from a covert battle to an open showdown! For us retail investors, is this wave of actions a "harvest of the chives" or a "benefit delivery"? Today, I will break down this grand drama in plain language!
1. Wall Street's "Power Grab" Script: From Passing the Buck to "Dividing the Land"
In the past few years, cryptocurrency regulation has been like an absurd drama: the SEC says "I am the securities police," the CFTC shouts "I manage commodities," while the Treasury Department hides behind the scenes to watch the fun. So what happened? Terra collapsed with $40 billion evaporated, USDT was exposed for reserve fraud, countless retail investors lost everything, and the regulatory vacuum became a breeding ground for crime!
Wall Street has finally taken action! The new regulations directly "distribute land to households":
Banking system stablecoins: regulated by the Federal Reserve and the banking regulatory agency, must have 100% reserves + real-time audits, specifically for corporate cross-border transfers;
Grassroots stablecoins: regulated by the SEC, required to disclose asset details, prohibition of "air reserves", retail trading must undergo anti-money laundering review first.
Subtext: Wall Street wants to monopolize the issuance of "digital dollars"! Want to issue stablecoins in the future? Better ask if JPMorgan and Goldman Sachs agree!
2. China's "Dual-Center" Layout: Shanghai Sneaks a Big Move!
Don't think that only the United States is playing this game! China has quietly laid out a "dual-center" strategy long ago:
Hong Kong: The "Stablecoin Regulation" comes into effect on August 1, with only a single-digit number of licenses issued in the first batch. Issuers are required to hold reserves equivalent to USD/RMB, and transaction records must be traceable. HSBC and Ant Group have submitted applications, and in the future, the HKD stablecoin may be directly linked to the digital RMB!
Shanghai: Companies such as Shibei High-tech and Gu'ao Technology are testing "Blockchain + Cross-border Payment", for instance, parents of international students using stablecoins to send living expenses, with transaction fees plummeting from 2% to 0.1%, and funds arriving within 10 minutes! Even more exciting, the Shanghai State-owned Assets Supervision and Administration Commission has clearly expressed support for the application of blockchain technology in supply chain finance and digital trade — isn't this paving the way for the internationalization of the digital RMB?
Opportunity: In the future, for cross-border transfers and overseas shopping, it may be possible to directly use the "Shanghai version of stablecoin" to bypass banks!
III. The Federal Reserve's "Backup": The Digital Dollar is the Ultimate BOSS
Powell said "support stablecoin innovation" but his body is very honest, he repeatedly emphasized "it does not affect the advancement of central bank digital currency"! Why? Because no matter how powerful stablecoins are, they are essentially "private money printing", while the digital dollar is "official money printing"!
For example: USDT currently claims to be pegged to the US dollar at a 1:1 ratio, but what backs it may be US Treasuries, commercial paper, or even junk bonds! In contrast, the digital dollar is issued directly by the Federal Reserve, with 100% reserves, allowing for unlimited issuance—how is this a stablecoin? It is clearly "Dollar 2.0"!
Conspiracy theory: Wall Street is pushing stablecoins, essentially helping the Federal Reserve "test the waters" for digital currency! Once market education is nearly complete, the digital dollar will directly harvest globally!
IV. What Should Retail Investors Do? 3 Tips to Capture "Compliance Dividends"
Stay away from "wild stablecoins": Under the new regulations, grassroots coins like USDT and USDC must publicly disclose reserve proofs, or they will be forcibly delisted! Now quickly check the stablecoins you hold, do you have an audit report?
Focus on "bank-backed stablecoins": The stablecoins issued by JPMorgan and HSBC have high thresholds, but their safety is maximized! In the future, they may be opened to retail investors through partner institutions, so it is advisable to position oneself in related concept stocks in advance, such as Geer Software and Newland.
Focus on the "cross-border payment" scenario: the blockchain cross-border payment tested in Shanghai may cover scenarios such as cross-border e-commerce and tuition payments in the future! Related companies have already surged, but the true leaders are still on the way!
My viewpoint:
The stablecoin battle is essentially a redistribution of financial power! Wall Street wants to monopolize the issuance of the "digital dollar," China aims to break through with a "dual-center" strategy, and the Federal Reserve is secretly plotting a big move—however, for retail investors like us, compliance = safety, regulation = opportunity!
Remember Tege's words: Don't chase up or sell down, don't touch air coins, keep an eye on policy trends, focus on the two main lines of "cross-border payment + bank-backed stablecoins", and by 2025, you can also earn easily!
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