Understanding the difference between stablecoins and digital currencies in one picture In 1930, the United States told the world not to hold gold, as it was inconvenient to hold gold, and to hold US dollars. The US dollar is tied to gold, and for every $35 an ounce, you can come and retrieve it at any time. In 1970, the United States told the world that the US dollar is the US dollar and gold is gold. Gold has surged against the US dollar. Don't say I can't pay off my debts, my gold reserves are enough now. In 2030, the United States tells the world not to hold US dollars, just hold "stablecoins *". It is inconvenient to hold multiple US dollars, and stablecoins are bound to US dollars. You can exchange them for US dollars at any time. In 2070, the United States told the world that the US dollar is the US dollar, stablecoins are stablecoins, and stablecoins have surged against the US dollar. Don't say I can't pay off my US dollar debt, my stablecoins are enough to pay off the debt. Collecting debts one by one is like urging for one's life (laughs) There are two more branches here. If in the next few decades, the United States regains control over global technological productivity while the US dollar remains strong, then the "stablecoin" will depreciate significantly, and then be thrown into the sewer, leaving the blame on the king. If the next few decades are not far ahead, then this' 2070 'will arrive even faster. From a benign perspective, this is also a way of wealth distribution, after all, in 2040, the elderly in the United States will have US dollars in their hands, while young people's salaries may be paid in stablecoins. This thing is actually easy to understand. Dad (in US dollars) pours all his assets into stablecoins (son) and then takes all his debts onto himself. Dad goes to jail, son becomes a wealthy man, and finally comes back to take advantage of Dad. Chinese people should be familiar with this. As for the process, for example, in 2040, dividends of US listed companies must be paid in stablecoins, corporate income tax must be paid in a certain proportion of stablecoins, and capital gains tax must be paid in stablecoins. In fact, there is no need to be so complicated. Only in the design process, making dollar payments cumbersome and redundant, these high-quality assets will gradually lean towards holding stablecoins, which completes the asset inheritance from dollars to stablecoins. When these high-quality entities hold a large amount of stablecoins, they naturally hope that the stablecoin will appreciate while the US dollar will depreciate, which is a collective willingness. Isn't the essence of this world that stores bully customers, and customers bully stores? This is a game, so be happy.