Recently, a giant gold deposit was discovered off the coast of Laizhou, Shandong, China, with proven reserves of over 470 tons. As soon as the news broke, the gold resource reserves of Laizhou City surged directly to over 3,900 tons, accounting for nearly a quarter of China's total gold reserves. As the world's largest gold producer, what impact will this discovery have on international gold prices? It could be far more profound than we think.

When it comes to gold, it has been regarded as a standard of value for thousands of years due to its scarcity and the difficulty of extraction. However, the recent discovery of the underwater gold mine in Laizhou has changed the rules of the game—when the supply suddenly increases, the value system based on "scarcity" begins to waver.

What will capital do at this time? It will definitely seek new hedging tools, looking for a more stable and trustworthy way to store value. In an era filled with uncertainties in the global economy, more and more people are turning their attention to decentralized stablecoins. Why? Because they do not rely on the physical scarcity of gold, nor are they held hostage by a single country or institution.

The logic of decentralized stablecoins like USDD is actually very straightforward: code is law, all collateral is transparent and verifiable on-chain, and over-collateralization ensures security. There is no mysterious administrative black box; everything is written on the blockchain. This is true trust in the real sense - derived from the mechanism itself, rather than from reliance on any authority.

The era of gold has not passed, but it is no longer the only "ultimate store of value." As traditional scarce assets face supply pressures, new stable assets based on transparent and verifiable mechanisms are emerging. This may be the new direction for future asset diversification.