U.S. national debt interest has surpassed the $1 trillion mark annually, with this expense even exceeding military and defense spending. This massive debt gap is seeking new sources of funding.

A noteworthy phenomenon: the U.S. government's regulatory attitude towards stablecoins has subtly changed, requiring stablecoins to use U.S. Treasuries as reserve assets. On the surface, this appears to be a form of regulation, but the underlying logic is worth pondering—it's essentially guiding liquidity in the crypto world to flow into debt maintenance within the traditional financial system.

From another perspective, what signals does this phenomenon reveal? When the world's largest debtor begins relying on innovative financial tools like stablecoins to maintain its credit system, it indicates a fundamental fact: the crypto financial system has become powerful enough to be ignored no longer. Stablecoins are becoming a key bridge connecting traditional finance with emerging assets. Meanwhile, blockchain ecosystems represented by Ethereum and Bitcoin are gaining greater influence in this process.

For ordinary investors, several directions are worth paying attention to:

First, focus on high-quality projects closely linked with compliant stablecoins and debt-related RWA (Real-World Asset Tokenization). These assets are expected to benefit directly from policy dividends.

Second, be cautious of assets with weak fundamentals and valuations overly dependent on liquidity support. During a downturn, such assets carry the highest risk.

Finally, in an era of increasing uncertainty, many will ultimately return to assets like Bitcoin, which have a fixed supply and are unaffected by policies. They represent true store of value.

Debt dilemmas have no simple solutions, but this pressure itself is also driving the formation of a new financial order. Those who can seize this transitional opportunity will position themselves better in wealth distribution.