$iShares Bitcoin Trust ETF(IBIT.US)$NASDAQ Composite Index(.IXIC.US)If the U.S. officially legislates to establish a 1:1 mandatory exchange relationship between dollar stablecoins and fiat dollars, I think it might create a massive new dollar liquidity pool. The RWA space would fully open up, and it could also be a solution to save U.S. Treasury bonds (kind of like an IV drip). Bypassing the Federal Reserve, large-scale issuance of dollar stablecoins could create liquidity supply for purchasing U.S. Treasury bonds. This might be one of the possible outcomes of the March 7th White House cryptocurrency summit. Let's wait and see!

Currently, creating dollars comes with a cost—the most basic interest rate on U.S. dollars. When commercial banks inject dollars into the market, this interest must be charged. But if the RWA model is adopted, issuing USDC on-chain could eliminate the need for interest costs. With asset collateral, dollar liquidity could be created at zero cost! Just thinking about this idea gives me chills—our beloved U.S. Treasury bonds might be saved!