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日期
Mar 28, 2026, 11:58 AM
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OK
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帧数
10

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今天的新闻看了吗?一家发行加密货币稳定币的公司在美国纳斯达克上市了,一家发币公司上市。如果你觉得没有什么问题,那我换个顺序来说这句话:上市公司能发币,你细品,你应该能感受到其中的威力了吧。这简直是个炸弹,整个金融行业都要重构了。 除此之外,一些细心的小伙伴应该发现了,聪明前最近的动作非常奇怪,比如说股神巴菲特开始疯狂的减持银行股票。我们可以看到,伯克希尔在5月15号递交的他们第一季度持仓报告,报告里显示他们完全清仓了花旗银行的股票,同时大幅减持的还有美国银行的股票。要知道,巴菲特这里的花旗银行仓位是2022年才建的仓,那对于他这种长期主义价值投资的人来说,拿了三年就把这个票完全清仓,就意味着他们对银行业是短期不再看好了。 以上我说的这两个事件,表面上看起来没有任何的关联,但是实际往深的去扒,这些都和美国下周要通过的一个法案息息相关。这是一个法案,那我们今天就来好好分析一下这个抢了银行饭碗的稳定币法案。 首先,什么是法案啊?简单来说呢,就是一个法律的提案。那这个法案呢,通过两院投票,总统签字之后呢就会变成法律。那今天这个稳定币法案呢,实际上不只有一个啊,最古早的版本呢,其实是民主党在2020年时候就发起的一个提案,名字叫CableACT。但是这个法案当时呢,是没有被通过的。他们当时提出的稳定币法案,这发行主体呢仅限于获得银行牌照的机构才可以发行稳定币。简单来说,只有银行能发,如果当时这个法案通过的话,最大的受益方绝对是银行,而且对币圈是极大的打击。为什么呢?最大的USDT发行商泰达不合规啊,泰达不是银行啊,这敢一通过,泰达就犯法了呀,泰达一犯法,稳定币出问题,你就别想了,币圈绝对大崩盘。好在2020年时候这个法案并没有通过。 那今天的这个版本,这个Genius这个法案呢,就非常友好。那这么一个友好的版本,可算是达成共识了。其实不然,参议院第一次动议的时候,也就是5月8号,居然又被驳回了。主要被驳回的原因呢,是这样的一个发行商的身份,是允许总统和官员发币的。这就非常容易产生腐败。 大家可能对这个发行稳定币背后的利益,到底有多大,没有什么感觉。我稍微给大家说一个新闻,大家感受感受这个新闻的。大家应该都非常熟悉,就是前段时间阿布扎比宣布他们投资币安20亿美金,对吧。那关于这件事情,我们都觉得哎呀,这是利好币安啊。但是根据我们的追踪调查发现,川普的儿子,这个Eric,在Token2049的大会上公然宣布,这投资的20亿美金是用USD1结算的啊。这USD1是什么呢,这是川普家族发行的稳定币。什么意思呢,也就是说中东财阀把他们的20亿美金是打给川普家族的银行账户上的,然后呢,川普家族给了一堆虚拟货币USD1给币安。所以,币安收到的呢,是一大度稳定币USD1,钱都还在川普家族的银行账户上。这个20亿,趴在账上,你要知道,是多少利息,按美国短期国债4%的利息去算,20亿美金,一年下来就是8000万美金。8000万美金,你想贪污,你也不是那么好贪的,要知道拜登当总统的4年,他们家族被指控的累计贪腐金额总共也就3000万美金,一家的人忙活4年也就low了3000万,但是这川普家族一个稳定币发行,就这一笔单子,一下子多出来8000万的合法收入。这一单呢,就够人家拜登家族干8年了。所以说,大家对这稳定币背后的利益输送,应该多少有点概念了吧。 好呢,说完了稳定币背后的利益情况,我们来说这个法案通过之后,它对世界未来的影响。那这个影响呢,咱从小的往大的说。首先,稳定币法案最直接的影响,就是影响稳定币市场。法案规定,任何机构,你想要发行稳定币,你就需要用等值的高流动性资产做支持。那这些资产具体是,第一,美元现金与联储票据,第二,就是银行的活期存款,第三,就是到期天数小于93天的美国国债,第四条就是小于7000的回购或者是逆回购协议,第五呢,就是货币市场上投资以上四种方向的基金,第六个呢,就是中央银行的准备金。也就是说,你想要发稳定币,你只要等额储备啊,这种流动性比较好的现金资产就行了。那这个门槛呢,其实不高的,现有的稳定币企业,稍微努努力,都能达到这个门槛。比如说USDT的泰达,这个USDC的Circle,这些机构呢只要稍微努力一下,就能达到这个门槛,实现合规。所以说,是利好这些企业啊。那对于市场上其他的稳定币,就可能不太利好了。比如说,抵押石油黄金债券的这种稳定币啊,还有火过一年的这种算法稳定币啊。那这种呢,在法律出来之后呢,都视为不合规了。所以并不是普遍利好,每一个稳定币项目。 好,那第二个影响呢,就是对RWA的影响。那稳定币法案规定了,稳定币就是某定美元或者是美债资产的稳定币,底层资产还不就是美元和美债吗?所以所谓的稳定币法案,其实就是美元美债上链。那美元美债呢,本身就是现实世界资产,是吧?就是RWA。那这个法案对稳定币规定的合规三件套呢,实际上就是RWA监管三件套。第一,公开审计要求,底层资产每月公开一次就行了,审计师呢要是注册会计师事务所。第二个呢,就是高管确认责任,到人,项目方的高管也就是CEO啊,要签署他们的报告准确性声明,如果发现作假,直接可以抓去坐牢。第三个呢,就是第三方托管,客户的资产呢必须独立托管,隔离记账,防止挪用或者是债权冲突。也就是项目方想要拿用户资产进行一鱼多吃,上点杠杆,是绝对不可能出现的了。所以说,目测未来其他的RWA资产也会套用这个监管三件套,比如说股票呀,各类债券呢,直接助退RWA的起飞。 好,那第三个部分呢,再往大了说。其实就是会影响到整个加密行业啊。那关于这个部分呢,实际上我们之前视频里面有提到过,美国财政部部长贝森特呢,他在公开发言里面,实际上算了一个账,他说他认为未来啊,这个稳定币数字货币购买国债的这个资金规模要高达2万亿美金。如果按照法案稳定币和美元美债是一一对应的关系啊,那购买2万亿的美债呢,实际上也就是发行出来了2万亿的稳定币。那这2万亿呢,发行出来会留到哪里呢?当然,大部分还是会留在币圈的。那当前的整个加密行业的市值呢,总共也才3万亿美金。那这3万亿呢,实际上是单单只靠了2000亿的稳定币规模就支撑起来了。那现在呢,稳定币的规模直接达到2万亿,翻十倍什么概念。 那接下来呢,再来说一下对国际的影响。那对国际的影响呢,主要体现的国际支付方面。以前的国际支付的解决方案呢,主要就是这个Swift系统,各个国家的银行呢,都来加入到这个Swift的体系里面,通过这个体系才能实现不同国家不同货币之间的转账。但是这个体系的问题比较大,慢,手续费巨高,而且周末不上班,一米钱想从美国打到泰国,周五打的,下周一才能到。那现在呢,这种链上稳定币有了美国的背书啊,再加上加密货币支付呢,它本身又是又快又便宜,所以说,接下来会有更多的国际贸易伙伴会采用加密稳定币进行支付,而且再加上美国监管对稳定币其实有KYC限制的要求,你审计要求,你实名认证,所以说,也算是能通过监管发行方从而去监视美元稳定币全球范围内的使用情况,也算是保留了以前Swift系统的好处,同时也解决了周末不上班的坏处。 那再往大了说,是不是能解决美债危机呢?我先说一下我的个人观点,我当然是支持这个假说的。我们可以通过一组数据得出结论,目前这些稳定币企业,他们配置最大的资产类型实际上就是美国国债,比如说现在市场占有量最高的泰达公司,它是USDT的发行商,它发行USDT一共发行了1500亿美金,其中的1200亿美金,它都拿去购买了美国的国债,1200亿美债购买规模已经超过德国所持有的全部美债规模了,这个规模已经位列全球第19大美债持有者了。那未来稳定币的规模越大,他们需要储备的美债就越大,这在一定程度上能缓解美国的美债压力。目前美债的情况是,它的规模虽然大,但是有38%的规模都是由美联储和美国政府持有的,自己发的债自己买,这一部分的利息就是左兜揣右兜,相当于没有利息成本,真正面临利息压力的是,只要真金白银给出利息的,反而是广大的美债持有者。那这稳定币的发行商,他们来购买美债,对于美国来说,就是一个听话的自己人而已,给他付的利息等于也是左兜揣右兜,毕竟你还可以向这些企业征税,发款,把你付给他的利息再拿回来,对吧,真是无耻啊,你。 所以说,随着稳定币市场的发展,这美债的债主结构呢,也会发生巨大的变化,政府对美债利息的掌控度就越大,美债的稳定性呢,就越强。 好,上面呢都是积极方面的影响。咱们再来说两个消极方面的影响啊。第一个,最消极的呢,就是会直接影响到了美国国内的银行业。如果未来稳定币的市场规模呢,真的能达到几万亿,而且能做这几万亿生意的人呢,不只有银行,那就意味着银行呢,面临巨大的竞争,而且呢,随着稳定币的普及,很多人账户上面的一些流动性资金,本来应该是美元的,结果他未来呢,可能会存成美元稳定币。所以,银行业务中,活期储蓄的部分呢,会有所减少,储蓄规模下降。那就会影响银行的仿贷能力。所以说,业务呢,会受到巨大的冲击,我想呢,这也是开头我们提到的为什么巴菲的老爷子要清仓掉这些银行股票的原因了。 那第二个危险呢,就是像这种土耳其,阿根廷这些,自己国家货币不太稳定的国家,他们会非常危险。毕竟,美元稳定币,高低人家是在链上了,是吧,理论上人家没有外汇管这一说,各个国家的居民呢,都可以买到这些稳定币。那这些国家自己的货币不够强,波动非常大,通胀严重,那这些国家的居民呢,未来会逐渐放弃本国货币啊,那居民都使用美元稳定币了,那这些国家呢,慢慢都会变成美元的金融附属国,不再有任何的独立性了。 好,那说了这么多了啊,都是这个法案能够顺利通过的情况。那当然了,最后呢,咱还是要回到事实啊,目前这个法案,参议院的动议呢,是通过了一周之后呢,可能就要投票了。那投票通过之后呢,还要总统签字,但是人家毕竟还没签字啊,总统签字之后,还有一年的适应期,最快呢,在26年才会变成法律实施生效。所以,非常有可能这一轮,27年呢,它就不是熊市,还会是一个更大的牛市。正所谓,东风以借力,万里好扬分,很荣幸和大家一起见证加密行业,以及全球金融行业改变,历史的辉煌一刻,比特币百万一枚之日,可待。 视频的最后呢,广告时间。那时至今日,低价获取比特币的最好方式呢,仍然是挖矿,但是吃过的亏告诉我,挖矿呢,还得合规。咱们的赞助商,甲方爸爸呢,也是专注于北美挖矿的Data Run。那Data Run作为我们的赞助商呢,已经赞助我们半年的时间了,在这半年的时间里,一直稳如老狗,对我们的算力呢,也是按时交付,准时提币,用可靠的行为换来了用户的信任。那现在Data Run呢,也有一些福利活动,感兴趣的小伙伴呢,视频下方点击客服链接进行了解,我们下期见咯。

画面分析 (10)

1

The image depicts a hand grasping a bundle of straw, with a green shield and a building in the background. The image is overlaid with text in both English and Chinese. * A hand: + Holding a bundle of straw + The hand is in the center of the image + The thumb and index finger are pinched together to hold the straw + The other fingers are curled around the straw + The skin on the hand appears to be fair * A bundle of straw: + Made up of dry, yellowish-brown grass-like material + The straw is held tightly in the hand + The straw appears to be slightly tangled * A green shield: + Located on the right side of the image + Features a white checkmark + Has a red and gold border * A building: + Located on the left side of the image + Appears to be a government building or capitol + Has a dome-shaped roof + Has columns along the front * Text: + Two lines of text at the bottom of the image + The top line is in Chinese characters + The bottom line reads "are closely related to a bill that the US will pass next week." in English The image appears to be a still frame from a video, possibly a news report or documentary. The presence of the Capitol building and the mention of a bill being passed in the US suggest that the topic may be related to politics or legislation. The bundle of straw and the green shield with a checkmark may represent something specific related to the bill, but without more context, it is difficult to say for certain. Overall, the image seems to be conveying information about an upcoming event or development in the US political landscape.

2

The image presents a line graph illustrating the performance of the FTT token over time, with a notable decline on November 9. * The line graph: * The line graph is blue and features a jagged line that represents the performance of the FTT token. * The line graph starts at the top left corner of the image and ends at the bottom right corner. * The line graph shows a steady decline from left to right, with a significant drop on November 9. * The FTT token logo: * The FTT token logo is a gold circle with a white border. * The logo features the text "FTT TOKEN" in white letters. * The logo is positioned to the right of the line graph. * The date: * The date "Nov. 9" is written in white text below the FTT token logo. * A vertical white line extends from the date to the line graph, indicating the point where the significant drop occurred. In summary, the image effectively conveys the dramatic decline of the FTT token on November 9 through a clear and concise visual representation. The use of a line graph and a prominent logo helps to quickly communicate the information, making it easy for viewers to understand the trend and significance of the event.

3

The image presents a flowchart illustrating the transfer of funds from the Trump family to Binance, with a focus on the transaction amount and the individuals involved. * The flowchart consists of three main points: * **Abu Dhabi** * A cartoon image of a man wearing a blue suit and a white headscarf * 20 billion USD * **The Trump Family** * A photo of Donald Trump * 20 billion USD * **Binance** * A photo of Changpeng Zhao * 20 billion USD The flowchart suggests that the Trump family received 20 billion USD from Abu Dhabi and then transferred 20 billion USD to Binance. The image provides a visual representation of the transaction, highlighting the key players and amounts involved. The background of the image features a black color with a grid pattern, which helps to emphasize the flowchart and its components. Overall, the image effectively conveys the information about the transaction between the Trump family, Abu Dhabi, and Binance.

4

The image presents a slide with a prominent title in both English and Chinese, accompanied by a photo of a woman and additional text. **Title:** The title, displayed in a black box with yellow text, reads: * **English:** "Stablecoins must be backed by highly liquid assets of equal value" * **Chinese:** "" (meaning "stable coins must have equal value high liquidity asset support") **Photo of Woman:** In the top-right corner, a circular photo of a woman with long brown hair and a necklace is visible. **Additional Text:** At the bottom of the image, two lines of text are displayed: * **Chinese:** "" (meaning "if you want to issue stable coins") * **English:** "if you want to issue stablecoins" **Background:** The background features a gray tone with blurry text, suggesting that it may be a screenshot from a video or presentation related to finance or economics. The overall design of the image implies that it is part of an educational or informative material about stablecoins.

5

The image depicts a woman standing in a kitchen, with text overlaid on the bottom of the frame. * The woman has long blonde hair and is wearing a gray tank top and a necklace with a four-leaf clover pendant. + Her hair is straight and falls down her back. + She is facing the camera directly. * The text at the bottom of the frame reads "The stablecoin bill stipulates that" in English, with Chinese characters above it. + The text is written in a white font with a black outline. * The background of the image shows a kitchen with white walls and cabinets. + There are several windows along the back wall, allowing natural light to enter the room. + A large light fixture hangs from the ceiling. * The overall atmosphere of the image suggests that it is a screenshot from a video or television show. In summary, the image shows a woman standing in a kitchen, with overlaid text discussing a stablecoin bill. The background features a modern kitchen with white walls and cabinets, and several windows letting in natural light.

6

The image depicts a woman standing in a modern kitchen with a large window behind her, featuring a view of the outdoors. The woman has long brown hair and is dressed in a gray tank top and a necklace with a flower-shaped pendant. The kitchen is well-lit, with white cabinets and countertops. In the foreground, there are two lines of text: * The first line reads "" (which translates to "we have mentioned in our previous videos.") in white font with a black outline. * The second line reads "" (which translates to) in white font with a black outline. The overall atmosphere of the image suggests that it may be a still from a video or a screenshot from a live stream, possibly related to cooking or lifestyle content.

7

The image depicts a photograph of a white sign with black text and a blue logo, set against a backdrop of a large room with fluorescent lighting. The sign is rectangular and oriented vertically. At the top, it features a blue circle with a white dollar sign inside, accompanied by the text "USD Coin" in black. Below this, a thin black line separates the logo from the text "POWERED BY CIRCLE." The main message on the sign reads, "The digital dollar that does more," in bold black font. In the background, a large purple arc-shaped object is visible behind the sign, situated on a white floor. The ceiling above is dark, with numerous square-shaped fluorescent lights illuminating the space. A line of foreign text, likely Chinese characters, is superimposed over the bottom of the image in white-outlined black font. Below this, additional text reads, "stablecoins have the endorsement of the US," in white-outlined black font.

8

The image depicts a woman standing in a kitchen, with a table and chair visible behind her. The woman has long blonde hair and wears a brown tank top adorned with a necklace featuring a four-leaf clover pendant. She appears to be speaking or singing. In the background, there are several windows that allow natural light to enter the room. A chandelier hangs from the ceiling on the left side of the image. The overall atmosphere suggests a daytime setting, possibly during the morning or early afternoon. At the bottom of the image, two lines of text are displayed: one in Chinese characters and another in English. The English text reads, "the more US treasuries they need to reserve." This implies that the video may be related to finance or economics, potentially discussing the topic of U.S. treasuries and their significance in reserve management.

9

The image presents a scene captured from a video featuring a young woman standing in a well-lit room. The woman has long, dark blonde hair and green eyes. She is wearing a light gray tank top and a delicate, gold-colored necklace with a clover-shaped pendant. A caption at the bottom of the frame reads: "" (will not only be banks). The room she stands in is brightly lit, with white walls and several large windows. A chandelier hangs from the ceiling above her head on the left side of the frame. Behind her on the right side of the frame are white cabinets beneath the counterspace and a large window overlooking a balcony. In the background on the left side of the frame, a table with a white tablecloth and a chair are visible. The overall atmosphere of the image suggests that the woman is engaged in a casual conversation or presentation within her home environment.

10

The image depicts a formal Senate chamber, with a blue carpet and ornate details on the walls. The room is filled with individuals dressed in professional attire, engaged in various activities such as speaking, standing, or seated at desks. * **Senate Chamber:** * The room features a blue carpet with a white pattern. * The walls are adorned with ornate details, including gold accents and blue panels. * A large American flag is prominently displayed. * **Individuals:** * Approximately 20 people are present in the room, all dressed in professional attire. * Some individuals are standing, while others are seated at desks or chairs. * A few people appear to be engaged in conversations or listening to others speak. * **Desks and Chairs:** * Several desks are scattered throughout the room, some with papers or laptops on them. * Chairs are arranged around the desks, with some individuals seated and others standing. * **Text Overlay:** * A blue banner at the bottom of the image displays white text that reads "YEA 66 NAY 32". * Below this, a circular logo features the words "UNITED STATES SENATE" around the edge, accompanied by an image of the American flag and a bald eagle. * Additional white text below the logo states, "Motion to Invoke cloture on the Motion to Proceed to the consideration of S.1582, the GENIUS Bill has been passed for a week." In summary, the image presents a formal Senate chamber scene, complete with ornate details, professional attire, and engaged individuals. The text overlay provides context, indicating a vote has taken place and a motion has been passed.