Stablecoins becoming legal tender signals the arrival of spring for digital collectibles.

      Recently, the hottest topic in the currency circle is nothing more than stablecoins, the United States and Hong Kong launched the stablecoin bill at the same time, which is a cross-era sign, especially the stablecoin bill in the United States, stablecoins are directly linked to U.S. Treasury bonds, which are equivalent to the U.S. dollar. Stablecoin is the legal tender of the digital world, and the transaction of digital assets is bound to develop rapidly with the endorsement of international credit, and as an important branch of digital assets, digital collection transactions are more convenient and are expected to be recognized by the state and mainstream investment institutions.
First, the essence of stablecoins is equivalent to the US dollar. The US dollar in the real world is printed by the Federal Reserve to purchase US Treasury bonds issued by the US Department of the Treasury, so the dollar is actually an IOU from the US central bank to the people. This means that the dollar is pegged to US Treasury bonds, and for every dollar of US Treasury bonds, there is one dollar of fiat currency as a counterpart. Now, stablecoins are pegged to US Treasury bonds, and their issuance principle is the same as that of the US dollar. This indicates that stablecoins are equal to the US dollar, with the difference being that the dollar can only be issued by the Federal Reserve, while stablecoins can be issued by any institution or individual. As long as you hold sufficient US Treasury bonds, you can issue stablecoins based on that as the underlying asset. This is a great innovation in the history of human currency since the establishment of central banks. It has become a reality that everyone can issue dollars.
Second, stablecoins are actually the decentralization of U.S. coinage. In the past we used to say that the United States plundered the whole world through the hegemony of the dollar, but now it is okay that the United States has delegated the right to mint coinage to anyone. Anyone who holds U.S. Treasury bonds can issue U.S. dollars, of course, the premise of delegating the minting right is that you have to hold U.S. bonds, so that the U.S. bonds will be sold smoothly, the U.S. Treasury will have money to spend, and the U.S. debt crisis will be lifted.
Of course, we did it 2,000 years ago, and the results were very good. During the period of Emperor Wen of the Western Han Dynasty, the country's finances were tight, so the people were allowed to mint money, and the seigniorage tax was given to the people. If everyone can release stablecoins, then there will be competition between stablecoins, whose stablecoins are bound to rich assets, large appreciation space, whose stablecoins use more people, then in the virtual world, in addition to data and bitcoin, the only thing that can appreciate stably for a long time is digital collections, and bitcoin is already very expensive, and the appreciation space is limited, and digital collections have unlimited possibilities. In particular, cultural relics, calligraphy and paintings with a relatively high degree of consensus can attract more people to use your stablecoin, of course, the largest appreciation space is a creative category, once the commercial value is generated, the creative collection is soaring, and its bound stablecoin will also be sought after.
As stablecoins circulate globally, a variety of stablecoins will emerge like mushrooms after rain, and the differentiation of stablecoins lies in the digital collectibles tied behind them. In the future, the demand for digital collectibles will grow exponentially, and the rights confirmation and legal trading of domestic digital collectibles will also be relaxed, as this is a global trend. Therefore, the spring of digital collectibles is about to arrive, and the future potential is limitless.