Meng Yan’s Reflections on a Study Tour in New York: The Irreversible Trend of the US Embracing the Crypto Economy

During his academic visit in New York, Meng Yan observed that the US economy, driven by AI, is experiencing a “K-shaped” divergence, with both interest rate cuts and inflationary pressures coexisting. Although AI investments are questioned as being in a bubble, their long-term impact is still viewed positively. In the crypto sector, while Wall Street’s attitude has not completely shifted, there is now a political consensus that “offending young people is unacceptable,” making it difficult to reverse course on crypto policy. The real opportunity for stablecoins lies in B-end institutional payments, rather than retail scenarios. Wall Street is preparing to regain control of crypto finance in the coming “institutional era,” but New York’s onshore system will long coexist and interact with the offshore ecosystems of Dubai and Singapore. Read the full article: