As a legal mapping of fiat currency in the Web3 world, stablecoins are not just a payment tool, but also the core circulating asset in the RWA field. The introduction of this draft means that stablecoins will circulate on a larger scale, thereby promoting the deep integration of digital and real-world assets. The application of stablecoins will cover DeFi, payment, cross-border settlement, and RWA, helping enterprises and individuals conduct global transactions more conveniently and thus disrupting traditional fiat payment methods.
With the implementation of stablecoin regulatory policies, institutional funds will be more confident in entering the digital asset field, especially in the tokenization and circulation of physical assets. Global asset tokenization becomes simpler, and enterprises can directly issue on-chain bonds, real estate tokens, etc., thereby enabling global investors to directly participate in high-quality asset investments in the United States and other regions.
More importantly, the United States attracts global investors to its digital asset ecosystem through compliant stablecoins, forming a capital suction effect. By leveraging the compliance of stablecoins, the United States provides global investors with a safer and more transparent investment channel, attracting substantial capital inflows. This not only injects new vitality into the US digital asset market but also promotes the globalization and digitalization of the US economy through the widespread application of stablecoins. Ultimately, global investors indirectly support the stability and development of the US economy through stablecoin transactions, investments, and asset allocations, consolidating the United States' position as the center of global capital flow.
Strengthening Control, Compliant Development of US Dollar Stablecoins Aligned with US Interests
A core objective of the draft is to ensure that stablecoin development does not threaten US financial security. It emphasizes preventing unauthorized stablecoins from disrupting financial markets and ensuring the stablecoin system remains firmly in the hands of compliant institutions and government. Unauthorized stablecoins may pose liquidity risks, so the draft establishes strict issuance conditions to ensure stablecoins do not threaten the banking system.
According to the draft regulations, stablecoin issuers must obtain permission and comply with strict capital reserve requirements. This provision draws from the traditional banking system model and continues the core spirit of historical regulations like the 1933 Glass-Steagall Act, aiming to ensure user fund safety, asset isolation, and transparency, thereby enhancing consumer protection.
Through this draft, the United States can not only effectively regulate its domestic stablecoin market but also indirectly control globally circulating US dollar stablecoins. This measure helps ensure global capital continues to operate around the US dollar system, strengthening control over global dollar flows.
The introduction of this draft indicates that this is not just a simple financial regulation, but the beginning of a new monetary war. The United States' goal in the digital era is not only to maintain dollar hegemony but also to attract global capital through stablecoins, ultimately dominating the next generation of the global financial system.
(The translation continues in the same manner for the remaining text.)Global Trends and Future Outlook. With the United States playing a leading role in stablecoin compliance, global policies will gradually align, thereby promoting the unification of the global stablecoin payment system. Stablecoin compliance not only provides a stable payment infrastructure for Web3 and DeFi but also has a profound impact on the global financial system. Cross-border payments will become more convenient, and the efficiency of global capital flows will significantly improve, providing more innovative financing channels and payment solutions for the global economy.
However, the legalization of stablecoins and the restructuring of the global financial system are accompanied by a series of challenges. Regulatory standards and compliance requirements will differ among countries, and how to achieve policy coordination and mutual recognition on a global scale remains a complex task. Different economic structures, financial needs, and policy stances of various countries may lead to different implementation effects and speeds of stablecoin compliance in different regions.
IV. Future Outlook
With the advancement of stablecoin compliance and the rapid development of the Web3 ecosystem, the digital asset industry is entering a completely new stage. In the future, with the influx of institutional capital, the industry will not only encounter unprecedented opportunities but also face more profound changes. We will witness a new landscape of capital explosion and market restructuring. Here are several key trend forecasts for future development:
Giants Cluster Entry, RWA Meets Capital Explosion Moment. Once the stablecoin regulatory framework is established, it can be foreseen that traditional financial institutions will rush into the stablecoin and RWA market with massive capital. This will mark the transition of the digital asset industry from wild growth to compliant development, and also signify that Web3 is entering a period of large-scale application, ushering in a new development cycle for the digital asset industry.
Stablecoin Payments About to Replace Inefficient and High-Cost Traditional Payment Methods. With the further development of stablecoin and DeFi technologies, cross-border payments will experience a revolutionary breakthrough. The cross-border payment, clearing, and settlement costs of stablecoins will be significantly reduced, with efficiency substantially improved, making cross-border payments more convenient. For traditional payment networks like SWIFT and VISA, stablecoin payment methods will pose a disruptive challenge.
RWA Triggers Asset Migration. Trillions of global physical assets are about to be revived on the blockchain, with real-world assets flooding into the crypto world through RWA, reaching an unprecedented speed of capital flow. This is a global financial restructuring driven by digital assets, a Normandy landing that will overturn the traditional financial system. We must be prepared to welcome this wealth tide.
Digital Dollar Hegemony Emerges, the Digital Currency War May End Before It Begins. While the world is still discussing the potential of digital currencies, the United States has quietly completed financial colonization through stablecoins as a financial weapon. By legislating to subtly implant dollar hegemony into the blockchain, the United States has provided digital weapons for its financial system, with all on-chain transactions contributing to the empire's strength. This is not a prediction but a fact happening now, with the digital dollar hegemony rapidly devouring the global financial ecosystem, and the outcome of the new currency war already predetermined.
Unknowingly, the future has arrived. As Web3 practitioners, we must maintain clear thinking and sufficient knowledge reserves to embrace this unprecedented transformation.
V. Conclusion
The advancement of U.S. stablecoin legislation will become the core driving force for the development of the digital asset industry. The legalization of stablecoins will attract numerous financial institutions and capital, providing strong support for the Web3 industry and promoting prosperity in areas such as payments, DeFi, and RWA.
As the legal mapping of fiat currency in the Web3 world, the U.S. stablecoin will continue to dominate the market. Stablecoin compliance will promote cross-border payments and global capital flows, disrupt traditional fiat payment methods, and profoundly change the global financial landscape, further consolidating the dollar's dominant position in the global financial system.
This stable yet revolutionary process is not just a financial technology innovation but a reshaping of the global monetary system and economic order. Under U.S. leadership, the widespread application of compliant stablecoins will drive the transformation of traditional fiat payment methods, initiate a new round of currency wars, and consolidate the dollar's hegemonic position in the global financial system through stablecoins.
