Recently, there has been a surge in the launch of stablecoins worldwide, with countries from the United States to Hong Kong joining this wave of currency innovation. Behind this trend lies a profound change in the international financial landscape.

Currently, the US dollar plays a central role in the global economy. Whether it is gold, US stocks, US bonds, oil trading, or international trade settlements, the US dollar is the dominant currency. According to the latest SWIFT data, the dollar accounts for as much as 49% of global cross-border payments, highlighting its dominant position in official transactions.

However, with the arrival of the Web3 era, traditional currency systems face new challenges. If the US dollar cannot effectively integrate into this emerging digital world, its long-term hegemonic status may be shaken. Therefore, launching stablecoins has become one of the key strategies for the US to maintain its currency dominance. By issuing stablecoins, the US hopes to achieve comprehensive control from on-chain to off-chain, consolidating its advantageous position in the digital economy era.

At the same time, other countries have also realized the importance of stablecoins in the future financial system. They are launching their own stablecoin programs aimed at reducing dependence on the US dollar and striving for more voice in the new financial order.

Faced with this trend, many investors may have questions: Can holding stablecoins bring returns? Although the original intention of stablecoins is to maintain value stability, in certain special circumstances, holding specific stablecoins may indeed bring certain returns. However, investors need to carefully assess the risks and fully understand the background and mechanisms of different stablecoins.

Overall, the global stablecoin boom reflects that the monetary system of the digital economy era is undergoing profound changes. Countries are actively positioning themselves to gain an advantageous position in this emerging financial game. In the future, we are likely to see a more diversified and decentralized international monetary system gradually take shape.