BTC Pizza, the global ambition of encryption dollars

As the fourteenth Pizza Day approaches, we reflect on the development of Bitcoin. Although the price of Bitcoin has soared, its application as a payment tool remains limited. Meanwhile, USD stablecoins are dominating the cryptocurrency trading market, eroding the positions of Bitcoin and Ethereum.

This reflects the intention of the U.S. government and Wall Street to expand the influence of the dollar in the encryption world. Dollar stablecoins not only provide new demand for U.S. Treasury bonds but also create new business opportunities for Wall Street financial institutions. Through stablecoins, the U.S. is exporting its financial services globally, further consolidating dollar hegemony.

In the fields of payment, tokenization of physical assets ( RWA ), and blockchain, USD stablecoins have advantages over BTC. The United States has also downplayed the idealistic color of encryption on the ideological level, making newcomers more inclined to accept the USD-dominated landscape.

Nevertheless, the decentralized nature of cryptocurrency remains irreplaceable. In the future, as a new generation grows up in the encryption culture, the idea of decentralization may rise again. However, for now, the US dollar is dominating the crypto world, which poses challenges but also creates new possibilities for global financial integration.