Understand the difference between stablecoin and Digital Money in one image

In 1930, the United States told the world not to hold gold, as gold was too inconvenient; holding US dollars would suffice, since the dollar was pegged to gold at 35 dollars per ounce, and you could redeem it at any time.

In 1970, the United States told the whole world that the dollar is the dollar and gold is gold. The price of gold soared against the dollar, and don't say I can't repay my debts, my gold reserves are enough to cover them now.

In 2030, the United States told the world not to hold US dollars, but to hold "stablecoin *" instead. The US dollar is too inconvenient; the stablecoin is pegged to the US dollar, and you can exchange for US dollars at any time.

In 2070, the United States told the world that the dollar is the dollar, and stablecoins are stablecoins. With a surge in stablecoin value against the dollar, don't say I can't pay back my dollar debts, my stablecoins are enough to settle it, okay?

One by one, the debt collectors are like death threats (laugh)
There are two branches here. If in the coming decades, the United States regains control of the world's technological productivity and the US dollar remains strong, then the "stablecoin" will depreciate significantly, and then it will be kicked into the stinky ditch, with the blame shifted to the one who understands.

If we cannot stay far ahead in the coming decades, then this "2070" will arrive faster.

From a positive perspective, this is also a way of wealth distribution. After all, by 2040, the older generation in the U.S. will hold dollars, while the younger generation may be paid in stablecoins.

This thing is actually easy to understand. Dad (USD) pours all his assets into the stablecoin (son) and takes all the liabilities upon himself. Dad goes to jail, the son becomes a millionaire, and then comes back to rescue Dad. Chinese people should be quite familiar with this.

As for the process, for example in 2040, dividends from publicly listed companies in the United States must be paid in stablecoin, corporate income tax must be paid in a certain proportion of stablecoin, and capital gains tax must be paid in stablecoin. In fact, it doesn't have to be so complicated; simply making dollar payments cumbersome and redundant during the design process will gradually lead these quality assets to be inclined towards holding stablecoin, thus completing the asset transition from dollar to stablecoin.

When these quality entities hold a large amount of stablecoin, they naturally hope for the appreciation of stablecoin and the depreciation of the US dollar, which will then be a collective will. Isn't the essence of this world that the big bully the small, and the small bully the big?