The counterfeit season is uncertain, but the stablecoin season has truly arrived: USDT and USDC will grow to 144 billion and 61 billion dollars respectively in 2025, with an increase rate of about 4.3% and 38.6%. Note that the key point is that more than half of the reserve assets are US treasury bond bonds rather than US dollars or other cryptocurrencies, which is the secret of the US government to promote the development of cryptocurrencies: US debt cancellation.