Jun 25, 202515033 Views
Jun 25, 2025
Xiao Feng, the founder of HashKey Group, stated in an interview with Caixin that in the digital economy era, stablecoins pegged to the US dollar are actually tokenizing the US dollar, with the aim of maintaining and advancing the dominance of the US dollar. This strategy combines with the tokenization of US Treasury bonds, making cryptocurrencies the "savior" of US Treasury bonds. The current attitude of the United States is that if bypassing SWIFT (the international financial clearing system) for payment settlement is inevitable, at least do not let it bypass the US dollar; if the tokenization of the US dollar is inevitable, then at least ensure that each US dollar token is based on US assets.
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