One picture to understand! The relationship between US bonds and the US dollar 🎯 For cryptocurrency players, not understanding the mechanism of issuing US dollars is like running around blindfolded. The financial cycle and liquidity all depend on the face of the US dollar. If we don't enter decisively when it's loose and don't withdraw in time when it's tight, isn't that a money giving boy? As the central bank of the United States (similar), the Federal Reserve cannot independently issue US dollars and must use US bonds as asset collateral to apply to the Treasury Department for issuing US dollars. The US government obtains funds by issuing US Treasury bonds. It can be said that the issuance of US dollars by the Federal Reserve and the issuance of US bonds by the Treasury Department are synchronous and interdependent processes. US bonds provide legal basis and asset collateral for the issuance of US dollars. The purchase of US bonds by the US dollar provides a financing channel for the government. The two are interdependent and jointly promote the issuance and circulation of the US dollar. If you want to make money in the cryptocurrency industry, first master this underlying logic, otherwise you will be cut off like a leek!