Core Insights - Federal Reserve Chairman Powell indicated that the current policy interest rate remains slightly restrictive, allowing the Fed to better respond to potential economic developments [1][3] - The launch of AUDD and XSGD stablecoins by Coinbase aligns with the Fed's policy adjustments, highlighting a deepening connection between traditional monetary policy and Web3 financial compliance [1][6] Group 1: Federal Reserve Policy Impact - The current "slightly restrictive" interest rate environment (federal funds rate at 4.00% to 4.25%) provides moderate liquidity to the crypto market [3] - Following a 25 basis point rate cut on September 17, the market anticipates an 87.7% probability of an additional 50 basis point cut by year-end, reducing borrowing costs for institutional investments in crypto assets [3][5] Group 2: Stablecoin Adoption and Usage - Coinbase's wallet now features a "one-click exchange + cross-border transfer" function for AUDD and XSGD, allowing users to exchange fiat and stablecoins at a 1:1 ratio, with transfers taking less than 10 minutes [3][6] - In the first week, the usage of this feature exceeded 500,000 times, with institutional users accounting for 38%, indicating a surge in demand for compliant stablecoins [3][6] Group 3: Ecosystem Development - XBIT Wallet has launched trading pairs for AUDD/USDT and XSGD/USDT, creating an ecosystem that integrates wallet storage, exchange trading, and application scenarios [6] - The collaboration between Coinbase wallet and XBIT Wallet enhances the synergy between policy and compliant stablecoins, with a 65% week-over-week increase in stablecoin to mainstream coin conversions following the rate cut [6] Group 4: User Behavior and Financial Services - The integration of policy signals into user operations through XBIT Wallet's features marks a shift towards a dual-driven model of "policy adaptation + technological innovation" in Web3 finance [8] - User numbers holding AUDD and XSGD increased by 34% post-rate cut, with those using the "policy-asset linkage analysis module" experiencing 18% lower asset volatility and 2.9 percentage points higher average returns over seven days [9] Group 5: Long-term Trends - Powell's policy stance and the implementation of compliant stablecoins provide a clear development path for the Web3 wallet industry, emphasizing the need to align closely with policy trends and build a comprehensive service ecosystem to unlock value during liquidity easing periods [9]