"1011 Insider Whale" Agent: Tokenizing US Stocks May Be the Only Realistic Path for US Debt Management and Beneficial for ETH and RWA

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