Interesting phenomena worth pondering—regarding stablecoins, the attitudes of countries around the world have been fluctuating.

In the early days, other countries regarded stablecoins as a threat to the US dollar and repeatedly called for bans. As a result, the US was surprisingly calm and eventually embraced them openly. Once the US truly entered the game, those countries started saying that US stablecoins could threaten the global financial order.

Ironically, Bitcoin was initially promoted as a tool to counter US dollar hegemony. But looking at what’s really happening now—US institutions and government officials directly getting involved, pouring in hundreds of billions of real money, and even claiming that the dollar has problems and will eventually disappear. You see, the issues pointed at by opponents are ultimately being adopted and used by those very opponents.

The real danger of a country isn’t how powerful it is, but how adaptable it is. No matter what tricks opponents use, it can stand in their territory, turn around, and change the rules together with you. The US system’s extraordinary ability to absorb and transform explains why this country can still lead.

Let’s also look at the current global money supply explosion—this isn’t just an American problem; the whole world is printing money. Stablecoins, rather than being just a trick to dilute debt, are more efficiently used as a settlement tool. Their value might lie precisely in this—within the existing financial system framework, providing a more convenient and neutral medium for transactions.

From Bitcoin to Ethereum and then to Lido’s liquid staking protocols, these innovations are gradually integrating into the mainstream financial ecosystem. Instead of disrupting the existing order, they resemble a mutual achievement of technology and finance.