币界网报道：[Arthur Hayes: By issuing stablecoins, TBTF banks will release up to $6.8 trillion in Treasury bond purchasing power] According to a report by Bijie.com, Arthur Hayes, co-founder of BitMEX, said that large "too big to fail" (TBTF) banks have two pools of funds, and they are ready to buy trillions of dollars worth of U.S. Treasury bonds as long as they have the necessary profit potential. The two pools are demand/time deposits and reserves deposited with the Federal Reserve. The reason why I pay attention to these eight "too big to fail" banks is that their existence and profitability depend on the government's guarantee of their debts, and the formulation of bank regulations also makes them benefit more than non-"too big to fail" banks. Therefore, as long as they can make some profits, they will obey the government's instructions. Bessent asked them to buy their low-quality bonds, and in return, Bessent would provide them with a risk-free return. I think the reason why U.S. Treasury Secretary Bessent is so enthusiastic about "stablecoins" is that by issuing stablecoins, TBTF banks will release up to $6.8 trillion in Treasury bond purchasing power. These inactive deposits can then be reused in the unstable fiat financial system, thereby boosting the market.