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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Recently, I happened to travel through several countries, and in every place, I heard news reports about Trump's "Genius Bill." If you understand the "Genius Bill," you probably won't think that Trump is messing around with governing the country, right?
The "Genius Act" seems to be about attracting talent, but in reality, it is laying the groundwork for the US dollar and US Treasury bonds. It aims to attract the smartest and most knowledgeable people in technology and blockchain from around the world to the United States to develop emerging industries like stablecoins.
Once the US dollar stablecoins circulate more widely globally, it is equivalent to the whole world using digital means to "buy dollars," giving the dollar more clout in payments and store of value. These stablecoins are usually backed by US Treasury bonds, so the greater the demand, the more valuable the Treasury bonds become, and the cheaper it is for the US to borrow money.
Overall, this is a strategic deployment around the hegemony of the US dollar.