2026-01-02 09:24:03

Recently, the Federal Reserve's September rate cut of 25 basis points may seem like a routine economic adjustment, but the underlying game is much more complex. The newly appointed board member, Milan, voted against the rate cut on his first day in office and even demanded a 50 basis point reduction—truly a magical move. Meanwhile, the White House is pushing the "Genius Act," aiming to put the dollar on the blockchain in the form of a stablecoin. Although it's called monetary policy, it's really just a rebranding of dollar hegemony.

The Fed's "data-dependent" approach is starting to look increasingly untenable. Economic data shows inflation still at 3%, and the unemployment rate has risen to 4.3%, yet the decision to cut rates was still made. Many speculate that the White House exerted pressure. To secure his position, Milan even took the unprecedented step of a "unpaid leave." Looking ahead to 2026, if Trump manages to control the Fed's pace through personnel adjustments, the rate cut could exceed market expectations, potentially pushing the policy rate down to 2.75%. But the problem is, the cost of easing policies could be a rebound in inflation.

The role of stablecoins is becoming increasingly interesting. The global stablecoin market has surpassed $260 billion, with 95% pegged to the US dollar. These issuers must continuously buy US Treasuries to maintain their creditworthiness. At the current growth rate, by 2030, stablecoin issuers might hold $3.7 trillion in US debt. From another perspective, this acts like a blood transfusion pipeline, continuously feeding the US Treasury.

However, there's a risk many overlook. The US debt has soared to $36 trillion, and its credit rating has been downgraded before. Users of stablecoins are unknowingly playing the role of "on-chain bagholders," while the Trump family has long been involved in Bitcoin-related companies. Future policy adjustments could bring them significant benefits.

From the crypto market's perspective, danger and opportunity always coexist. If the US dollar loses credibility due to excessive politicization, non-sovereign assets like Bitcoin and Ethereum will face a real window of opportunity. The market is waiting to see how these changes will unfold.

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AirdropF5Bro

· 19h ago

I don't quite believe this explanation, it feels like they're just hyping up stablecoins. --- Milan's move is really brilliant, opposing votes still reach 50 points in a day, how urgent must that be? --- Wait, the Trump family is布局ing Bitcoin? That sounds like insider trading. --- Stablecoins will hold $3.7 trillion in US Treasury bonds by 2030? Isn't that just the US changing tactics to continue reaping profits? --- Basically, it means the US dollar has lost its weight, so they need to go on-chain to survive. --- What I care about is when the inflation rebound will come; the holding pressure is enormous. --- Everyone using stablecoins now is unknowingly taking on the risk; I really didn't expect that. --- Has the White House's pressure on the Federal Reserve hit the trending searches? It feels like big news. --- 2.75% interest rate? That's really crazy; Bitcoin could take off. --- Looking at it this way, non-sovereign assets really should be bought low.

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MetaverseMigrant

· 21h ago

The Fed's "data dependency" approach has long been a joke, clearly being led around by the White House Speaking of the stablecoin chess game... by 2030, they need to hold $3.7 trillion in US debt? Isn't this just a disguised way to harvest profits from retail investors? Wait, the Trump family is positioning in Bitcoin, now that's the real money-making logic With US debt credit ratings being downgraded, expecting stablecoins to support? Our on-chain users are really being exploited while lying down On the day inflation rebounds, watch how these people spin the story The window for non-sovereign assets is closing, it feels like 2026 will be very interesting

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AlwaysQuestioning

· 01-03 17:08

Milan's move is really brilliant, a single day of opposition votes? It feels like the Federal Reserve is almost becoming a political tool. Stablecoins are really just a skin change of the US dollar; we crypto users will ultimately be the ones to take the fall. The Trump family has long been involved with Bitcoin; those who benefit from this policy adjustment probably know it well. The US debt has exploded to 36 trillion dollars—still dare to say data dependency? That sounds ridiculous. Let's wait until 2026; if they really control the Federal Reserve's rhythm, the opportunity for Bitcoin might truly arrive. This "blood transfusion pipeline" logic is brilliant; stablecoin users completely don't realize what they're doing. When loose policies are implemented, inflation rebound is inevitable; better to get in early. The politicization of the US dollar is actually a big boon for non-sovereign assets.

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WhaleMistaker

· 01-02 09:50

Milan's move is really brilliant. On the first day of work, I opposed it. The White House's reach is just too long. Stablecoins are just a disguise for the US dollar. We retail investors are still using them, but actually, we're helping to buy US bonds. The 36 trillion US dollar debt pit, we need to see it clearly. The Trump family has already been lurking in Bitcoin. Inflation rebound is the real trouble. Loose policies will eventually have to be paid back. If the US dollar really becomes politicized, then the spring of BTC might truly arrive. The term "on-chain bagholder" is so clever, it just revealed me haha. We need to watch closely in 2026. The independence of the Federal Reserve is disappearing. Stablecoin scale has grown, but the risks are also increasing. This business is a bit mysterious.

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NftRegretMachine

· 01-02 09:49

Hey, Milan's moves are really outrageous. Opposing just one day after joining, it feels like the Fed's internal situation has become unmanageable. Stablecoins as the bailout? Our users are actually paving the way for the Trump family, hilarious. $36 trillion in US debt and still buying? People on the chain clearly haven't seen through this game. Rather than being cut by the dollar, it's better to stock up on Bitcoin and other reversals. Although it's a gamble, at least you control it yourself. The White House's move to "on-chain" the dollar is brilliant, claiming it's policy innovation, but really it's just trying to prolong hegemony. Data shows inflation at 3% and rising unemployment, yet they want to cut interest rates. Hilarious. Is this what they call "data dependency"? If Trump keeps this up until 2026, the Federal Reserve will completely become a tool. It's not surprising if interest rates drop to 2.75%. The key is, when inflation rebounds, those of us holding coins will be the real bailout heroes. If stablecoin scale continues to grow like this, $3.7 trillion in US debt is nothing. By 2030, it might need to double. Bitcoin has been waiting for this moment for a long time. It all depends on when the dollar's credibility really collapses.

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ProbablyNothing

· 01-02 09:45

Really, I've seen through the fact that the dollar is just changing its disguise. Stablecoins are just an extension of this system. The $36 trillion in US debt can't hold up forever; someone will have to take the hit sooner or later. Why haven't USDT holders thought about becoming ATMs for the US Treasury? The Trump family’s move is really clever; Bitcoin might have a real shot this time. The White House pressuring the Federal Reserve is something to watch out for; the power game has truly escalated. Milan’s recent actions have messed up the independence of the Federal Reserve, a historic failure. If Trump really takes the helm of the Federal Reserve in 2026, the crypto world will probably go crazy. Why cut interest rates when the data clearly shows otherwise? Claims that data dependence is just nonsense. The long-term collapse of the stablecoin-dollar peg is inevitable; just waiting for the trigger. The spring of non-sovereign assets might really be coming; this politicalization is too obvious. The credibility of the dollar is becoming more and more worth paying attention to; the real drama has just begun.

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ChainWanderingPoet

· 01-02 09:41

Damn, Milan's move is really brilliant. Just one day at work and they already oppose it. Isn't this blatantly challenging the independence of the Federal Reserve? I've understood the logic of stablecoins now. The US is just harvesting the world in a different way, and we're happily taking the bait. The US debt of 36 trillion dollars is already rotten to the core, yet they still want to infuse more blood. Who can withstand this? It will definitely cause trouble sooner or later. Bitcoin is truly different this time. It feels like the wave is coming. The Trump family is playing a deep game. The "懂王" (King of Understanding) really lives up to his name.

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New_Ser_Ngmi

· 01-02 09:34

Milan's move is really brilliant, raising opposition votes by another 25 basis points in one day. What does this imply? Federal Reserve's data dependency? Haha, it now seems like a joke, the White House's reach is really long. Ultimately, stablecoins have all become tools for absorbing losses, and retail investors are still buying in. The Trump family has long been all in BTC—what a gap. The inflation rebound was actually foreshadowed early on. Easing policies are easy to implement, but pulling them back is difficult. 3.7 trillion USD in Treasury bonds? Once this funding channel is blocked, things will get serious. The path of politicizing the dollar will lead to non-sovereign assets being the last safe haven. Basically, it's just old wine in a new bottle—dollar hegemony wrapped in a blockchain skin.

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NightAirdropper

· 01-02 09:27

The Fed's so-called "data dependency" has long become a joke. Where is the supposed independence? By the way, Milan is really tough. On his first day at work, he opposed and even demanded more, which is probably a gesture of goodwill to the Trump team. Holding $3.7 trillion in stablecoins backed by US bonds is terrifying upon closer inspection. Users still don't realize they're essentially bailing out the US. Bitcoin is getting interesting. If the dollar really collapses, non-sovereign assets will be the way to go. The Trump family has laid out a deep strategic plan. I bet this will be a turning point for Bitcoin.

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