🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Former Vice Minister of Finance Zhu Guangyao: The United States is trying to initiate the third phase of the Bretton Woods System using stablecoin.
[Former Vice Minister of Finance Zhu Guangyao: The U.S. is trying to initiate the third phase of the Bretton Woods System with stablecoins] Regarding the impact of digital money, especially stablecoins, on the global monetary system, former Vice Minister of Finance Zhu Guangyao stated at the 2025 China International Issues Forum "World Order and China’s Foreign Strategy in a Turbulent Era" held on June 26 that the U.S. is attempting to launch the "third phase" of the Bretton Woods System by promoting stablecoins to maintain and consolidate the global dominance of the U.S. dollar. He analyzes that against the backdrop of the current Bretton Woods System (the US dollar pegged to oil) being difficult to sustain, the United States is facing enormous pressure from high national debt. To this end, the US has recently adopted a series of fiscal and financial strategies, including: Buyback of Treasury Bonds: The Ministry of Finance has taken action to buy back Treasury bonds to alleviate pressure. Adjusting Bank Regulations: The Federal Reserve relaxes regulatory requirements on U.S. Treasury securities held by banks, releasing a substantial amount of liquidity. Reassessing Gold Reserves: Adjusting the accounting method for gold could potentially release a huge "book value." Strongly Promote Stablecoin Bill: The US Senate has passed the stablecoin bill, and officials such as Trump have made it clear that dollar-pegged stablecoins will serve as a "multiplier" for the strength of the dollar, expanding the use of the dollar globally while lowering government borrowing costs. Zhu Guangyao emphasized that this US dollar stablecoin will be a "strongly centralized" product pegged to dollar assets on a 1:1 basis and subject to strict US regulation, rather than a victory for decentralized finance. He urged countries to pay close attention to this strategic evolution and take strong measures to address its challenges to the global monetary landscape.