The topic of stablecoins has been discussed many times with Brother Wu, and the essence of the currency multiplier should be that securities firms can only develop after entering this field. Currently, in order to increase the currency multiplier of stablecoins, many obstacles still need to be overcome. At least in my personal understanding, the stablecoin of the US dollar is not anchored to 1 dollar, but to US bonds worth 1 dollar. The main body of the stablecoin of the US dollar is the US bonds on the blockchain, and in order to leverage the currency multiplier, it is necessary to make the "bonds" tradable.