The United States is using stablecoins and US stocks to reshape its global financial hegemony For decades, the seemingly unbreakable dominant position of the US dollar in the global financial system. However, in recent years, the backlash brought about by geopolitical tensions, continuously inflated debt, and the "weaponization" of financial sanctions has led to a gradual weakening of the US dollar. Although the process has been slow, the trend has already emerged. The three major issues currently facing the US dollar 1. Decline in reserve status 2. Debt continues to inflate 3. Financial weaponization and backlash The core strategy of the United States now relies on two pillars: compliant US dollar stablecoins and tokenized high-quality US assets. Build a parallel, technology driven USD value network to deeply bind the global digital economy to the USD ecosystem once again. On chain US dollars solve circulation and payment, while on chain US stocks provide high-quality assets, which is actually a deprivation of the coinage rights of third world countries. ➤ The first pillar: regulated 'on chain dollars' - converting global demand into purchasing power for US Treasury bonds The first pillar of US strategy is to establish compliant stablecoins as the default medium of circulation for the global digital economy. The recently highly anticipated key legislation, such as the Lummis Gillibrand Payment Stablecoins Act, is accelerating the formal inclusion of mainstream stablecoins such as USDC into the federal regulatory framework. The essence of this legislation is that it compels stable currency issuers to invest most of their reserves in high-quality assets with high liquidity, of which short-term US treasury bond bonds are the core option. This means that every purchase and use of digital dollars in the global market will be almost equivalent to an indirect purchase of US government debt. This mechanism has found a steady stream of new buyers for the huge treasury bond bonds of the United States all over the world. When users in Asia purchase USDC for cross-border payment, or when investors in South America use stable currency to enter the decentralized financial (DeFi) market, most of the funds converted into French currency will flow to stable currency issuers, who will buy US treasury bond as reserves. According to industry experts and some research institutions (such as the Atlantic Council), with the expansion of the stablecoin market (expected to reach trillions of dollars by 2030), this mechanism is expected to effectively alleviate the pressure of trillions of dollars in US bond issuance in the coming years, transforming external demand into direct support for the US Treasury. ➤ Second pillar: tokenized "on chain US stocks" - attracting global capital If the stable currency solves the "liquidity" problem of the US dollar, the second pillar of the US strategy is aimed at solving the "attractiveness" problem - that is, the most high-quality financial assets of the US, such as US treasury bond bonds and blue chips, are "on the chain" tokenized, making them the preferred digital reserve assets for global investors. Marked by the token fund BUIDL launched by Wall Street giant BlackRock, BUIDL Fund converts high credit US short-term treasury bond bonds into digital tokens that can conduct global transactions 7x24 hours on the blockchain. This model, known as "Real World Asset tokenization" (RWA), greatly reduces the entry threshold for global investors. In the past, an ordinary country's investor who wanted to purchase US bonds or stocks had to go through a cumbersome process of account opening, currency exchange, and cross-border transfer. Now, theoretically, anyone from any region can easily invest in these core assets of the United States with just a digital wallet. As BlackRock CEO Larry Fink has said, "tokenization of any stock or bond is the next generation of finance." This unprecedented accessibility is creating a powerful capital attraction that efficiently draws global savings into the US capital market. These two pillars do not exist in isolation, but form a sophisticated and self reinforcing capital loop. Global users convert their domestic currency into USDC, and stablecoin issuers immediately invest their reserves in US Treasury bonds; Then, users can use USDC to purchase tokenized US stock or bond funds. Starting from the wallets of global users, it supported the debt of the United States and ultimately flowed back into the capital markets of the United States. This closed loop cleverly circumvents many barriers and frictions in the traditional financial system, and maximizes efficiency with the help of blockchain technology. Injecting new vitality into the circulation of the US dollar and finding broader global buyers for America's core assets, this is not only an upgrade to the existing financial order, but also a decision on the future global financial hegemony.