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Under the pressure of $10 trillion in U.S. national debt interest, stablecoins have become the government's new "dumb buyer."
[Coin World] In 2025, the interest expenditure on U.S. national debt is now burning over 1 trillion dollars each year—this figure has already surpassed defense and healthcare spending. Can you imagine what this means? Many industry insiders are sounding the alarm, as this situation can easily fall into a vicious cycle of “the more debt, the higher the interest, the more debt continues to soar.”
Interestingly, the Federal Reserve has noticed this issue and started to reposition stablecoins - viewing them as a strategic tool. The latest regulations require stablecoin issuers to hold U.S. Treasury bonds as reserves. This move, in simple terms, is a way to create new buyers of government debt indirectly. Before long, a large-scale government debt acquisition group composed of stablecoin issuers may emerge. This presents both opportunities and challenges for the crypto ecosystem.
USDTs are about to start helping the government pay the bills. I wonder if this is another form of cutting the grass.
The Fed's move is basically trying to make stablecoins take the blame. Feels like the crypto world is about to be harvested again.
Now stablecoins have completely become tools for the government. Isn't this the ultimate form of centralization?
Although it's an opportunity, I always feel there will be pitfalls later. How many projects have fallen for this kind of forced US debt purchase routine?
The crypto ecosystem is serving as a cash machine for the US, hilarious. This is the reality.
Actually, the US is short of money, and using stablecoins is the easiest way. Anyway, they don't care.
But seriously, anyone in this position would have to catch it, since we have US dollars in hand.
In a Bear Market, we get played for suckers, and in a bull run, we also get played for suckers; this is what they call "life is like a coin, ups and downs."
To put it bluntly, we all have to catch this hot potato of government bonds together; after all, we suckers are already used to being harvested.
Wait, does this mean stablecoin issuers have to hold government bonds in full? Then the safety factor of our USDT reserves is actually improved? This could be a glimmer of hope.
This is really something; the Fed has trapped us in government bonds, and we can't escape.
With a trillion in interest burning every year, how many stablecoins do we need to feed that? Can't calculate it.
Wait a minute, are stablecoins being forced to buy government bonds? That's ridiculous, it feels like we're working for the government.
One trillion in interest? Endless, this debt black hole will explode sooner or later.
This time, stablecoin issuers have become the dumb buyers, the Fed's new suckers?
The Fed is playing this game really brilliantly, using stablecoins to digest debt, a genius-level maneuver.
No way, being tied to government bond reserves, are stablecoins still stable?
Forget it, forget it, catch a falling knife, after all, the ones who ultimately pick up the tab are still us.
Wait a minute, if this goes on, will stablecoins become semi-official things? It feels like the freedom is going to be undermined.
An opportunity is an opportunity, but it always feels like something is not right.