Group 1 - The recent enactment of the stablecoin legislation in the U.S. is seen as a move to expand the global role of the dollar into the digital realm, marking the beginning of a new "currency war" driven by the digital currency revolution [1] - As of mid-July, $2.17 billion in cryptocurrency has been stolen from various platforms this year, surpassing the total theft of $1.87 billion for all of 2024, with projections indicating this could reach $4 billion by the end of 2025 [1] - The surge in cryptocurrency-related crimes coincides with the Trump administration's favorable stance towards cryptocurrencies, raising concerns about global financial security due to the lack of regulation in various cryptocurrency exchanges [1] Group 2 - Trump's shift in attitude towards cryptocurrencies is attributed to the upcoming 2024 U.S. elections and support from key figures in the crypto industry, such as Peter Thiel, co-founder of PayPal [4] - Nearly 70 officials appointed by the Trump administration have investments in cryptocurrencies or related companies, with investments ranging from small amounts to over $120 million [6] - The newly established "American Bitcoin Company," backed by the Trump family, has raised $220 million and is planning to go public [6] Group 3 - The global stablecoin market has surpassed $260 billion, with 95% being dollar-pegged stablecoins, which are increasingly investing in U.S. Treasury bonds [8] - The U.S. government has issued over $36 trillion in debt, and with declining credit ratings from major agencies, the expansion of the stablecoin market could see it grow to $3.7 trillion by 2030, making stablecoin issuers significant holders of U.S. debt [8] - This creates a new "on-chain U.S. debt cycle," where stablecoin companies purchase U.S. Treasury bonds, providing the government with cash while users receive stablecoins [8] Group 4 - The U.S. aims to "on-chain" the dollar to maintain its dominance, while criminals exploit new technologies to launder illegally obtained cryptocurrencies, complicating global financial governance [10] - The emergence of stablecoin legislation in the U.S. has sparked an invisible "currency war," raising questions about the future of the international monetary system amid increasing calls for de-dollarization and skepticism towards U.S. debt [10] - The challenge lies in establishing a fair and stable international financial order as various countries' local currencies seek to go "on-chain" in an era of decentralized and peer-to-peer payments [10]
黄金、石油之后 美元选定新“锚定物” 新“货币战争”来了？
Yang Shi Xin Wen·2025-07-28 05:00