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Xiao Feng: The combination of US dollar stablecoin and US bond tokenization makes cryptocurrency the "pick-up man" of US debt

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2025-06-25 07:21:44
In an interview with Caixin, the founder of HashKey Group, Xiao Feng, said that in the era of digital economy, the dollar stablecoin is actually the tokenization of the dollar, in order to continue to maintain and promote the dominance of the dollar. This strategy is combined with the tokenization of US bonds, making cryptocurrencies the "pick-up man" of US bonds. The current attitude of the United States is that if payment clearing and settlement bypasses SWIFT (International Fund Clearing System) is inevitable, then at least don't let it bypass the dollar; if dollar tokenization is inevitable, then at least ensure that every dollar token is created based on US assets.
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