"1011 Insider Whale" Agent: U.S. Stock Tokenization May Be the Only Realistic Path for U.S. Debt Management and Could Benefit ETH and RWA

Odaily News: Garrett Jin, the agent for the "1011 Insider Whale," posted on platform X stating that against the backdrop of de-dollarization, extending the debt cycle to help the U.S. address its debt issues seems unrealistic. Tokenizing U.S. stocks to drive stablecoin demand is the primary viable path for the U.S. to refinance its growing debt. BlackRock's push for RWA illustrates this point, set against the context of continuously accumulating U.S. debt. Since 2025, rumors of the so-called "Mar-a-Lago Agreement" have circulated in the market, but the agreement was never officially signed or implemented. Its core idea was to alleviate the burden of the $36 trillion U.S. federal debt. The reality is that U.S. debt continues to rise, and de-dollarization has not slowed down. Countries like Sweden, Denmark, and India are all reducing their holdings of U.S. Treasury bonds. If the U.S. wants to repay old debt with new debt, the only realistic path is to issue more stablecoins, introducing new global capital into U.S. Treasuries. To achieve this on a large scale, the solution is RWA, which involves putting U.S. stocks on-chain. Tokenizing the $68 trillion worth of U.S. stocks would significantly boost stablecoin demand, indirectly absorbing debt pressure. This is why BlackRock, closely connected to the U.S. power center, is actively promoting RWA and on-chain stock trading. In this context, ETH will become the settlement layer for the global capital market due to practical necessity, and 2026 will be the "Year of RWA."