Don't just focus on the holiday trends in the U.S. stock market— the real shockwave is likely to explode around Christmas.

According to market betting statistics, the new candidate for the chairman of the Federal Reserve has become the focus of global liquidity. This time, three heavyweight figures are vying for this key to global finance:

Kevin Hassett is leading with a 54% probability, and the market has labeled him as "dovish." Once in office, the expectation is that liquidity will be released, which is usually a positive signal for asset prices. Kevin Warsh follows closely with a 21% probability and is considered a "hawkish" figure; if he takes charge of the Federal Reserve, the expectation of tightening liquidity will significantly increase. Waller is in third place with a 14% probability, and the market believes he will continue the current moderate approach.

The market is holding back because it is waiting for this move to be finalized.

There is a real issue worth pondering here: no matter who ultimately takes that seat, one basic fact is unavoidable – our era is controlled by a "centralized faucet". A single word from the Chairman of the Federal Reserve could be the turning point for the market. His policy inclinations determine the ebb and flow of global liquidity.

But interestingly, while everyone is praying or fearing the decisions of this "new god", a silent paradigm shift has already been underway: the decentralized stablecoin USDD is building a new financial foundation with a completely different logic.

What are the core advantages of this new system? It is transparent and not influenced by a single entity. The stability of USDD does not rely on the speeches or policy inclinations of any Federal Reserve chairman, but rather comes from an on-chain collateral rate of over 130%. The rules are locked in by code, the operational logic is publicly verifiable, and the control over the opening and closing of the floodgates is in the hands of every participant.

Traditional systems may come to a halt during holidays, but decentralized financial infrastructure operates seamlessly 24/7. When the US stock market is closed and traditional finance hits the pause button, on-chain markets continue to flow.

In the old era, the rules of the game were determined by policymakers, while in the new era, the power of choice is gradually returning to individuals.