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GarretJin: Tokenization of US stocks may drive stablecoin demand and ease US debt pressure
On January 24, "BTCOG Insider Whale" agent Garret Jin posted on social media that under the background of de-dollarization, it is unrealistic to solve debt problems by extending the debt cycle. Tokenizing US stocks to promote stablecoin demand is the main feasible path for refinancing growing debt. The push by Beicai De to bring real-world assets (RWA) on-chain illustrates this point. Garrett Jin believes that public blockchains like Ethereum may become the settlement layer for global capital markets due to asset-liability management and geopolitical needs.