Friends, big news is coming. The Bank of Japan is about to implement its most aggressive interest rate hike in nearly thirty years. What does this mean for global capital markets? One sentence: The era of "free lunch" officially ends.

Once upon a time, the yen was the cheapest financing tool worldwide. Traders疯狂借入低息日元，转身投进股票、加密货币这些高收益资产，这个套利链条支撑起了整个风险市场的繁荣。Ten years of ultra-loose policies have been like a continuous blood transfusion to the global financial system. But now, this transfusion is about to be cut off.

The consequences are obvious: a wave of yen carry trade unwinding, capital will inevitably flow back, and liquidity worldwide will start to tighten. Many assets that previously soared are now collapsing in their underlying logic. It’s like a seemingly luxurious ship that, when the tide recedes, reveals itself to be rusted through.

The key question is—does your asset portfolio have a truly stable "ballast"? Not one that relies on a specific country's monetary policy, is immune to liquidity changes, and can withstand the test of value?

In the face of this global systemic upheaval, the role of stablecoins becomes increasingly critical. Not all stablecoins are the same. Over-collateralized stablecoins are precisely designed to withstand such liquidity shocks. They won't collapse just because central bank policies shift, because their underlying assets are over-insured.

Before the storm hits, check if your ship is stable enough. This is not alarmism, but fundamental investment practice.