Why does the crypto world need interest rate cuts to have a big pump? In fact, this is a past way of thinking, because in the past, only interest rate cuts could bring more money into the crypto world. However, this time I think the method has changed. Both American and Chinese tech companies are issuing stablecoins. The process of issuing stablecoins is actually the process of money flowing into the crypto world. Of course, interest rate cuts are still effective, but I believe the effect of interest rate cuts can only account for a small part, while the main part is the process of issuing stablecoins. Now the US stablecoin bill has been passed, and China has authorized the first block of encryption licenses. Major tech companies like JD.com, Alibaba, TSL, and Apple are all issuing stablecoins, so in the future, money will continuously flow into the crypto world through the issuance of stablecoins, which will naturally drive up the asset prices in the crypto world.