According to @DowdEdward, the referenced FirstSquawk update is “code” for authorities conceding that after years of interventions, market forces are stronger, as stated in his X post linking the item, source: https://twitter.com/DowdEdward/status/1995237668494643205; https://x.com/FirstSquawk/status/1994956158986281231. His post does not specify the underlying policymaker, instrument, or asset, which limits immediate tradeability without reviewing the original FirstSquawk update for full context, source: https://twitter.com/DowdEdward/status/1995237668494643205; https://x.com/FirstSquawk/status/1994956158986281231. Traders should first consult the linked FirstSquawk post and the primary-source statement to assess scope, timing, and relevance before adjusting risk, since Dowd’s note is an interpretation of that headline, source: https://twitter.com/DowdEdward/status/1995237668494643205; https://x.com/FirstSquawk/status/1994956158986281231.

According to @stonecoldpat0, the US policy appeal of USD stablecoins is to expand the buyer base for US Treasuries rather than to transition everything into stablecoins and then devalue them, which would also devalue USD itself; source: @stonecoldpat0. He calls the devaluation narrative scaremongering and asserts stablecoins are positioned to gain significant market share in coming years, with USD enjoying a head start due to market forces; source: @stonecoldpat0. For traders, his view points to tracking stablecoin market share and demand for T-bills as indicators for on-chain USD liquidity conditions that underpin crypto trading activity; source: @stonecoldpat0.