Deep Tide TechFlow News, April 17th, former U.S. Treasury Secretary Henry Paulson warned that U.S. authorities should prepare short-term, targeted contingency plans in advance for the possibility of a collapse in future U.S. Treasury demand. He stated that once a crisis occurs, the impact will be very severe. The U.S. Treasury market is regarded as the cornerstone of the global financial system; if instability occurs, it could affect asset pricing such as corporate bonds, mortgages, and stocks. The report pointed out that if the crisis triggers a decline in confidence in the dollar, it may drive funds toward alternative value storage assets like Bitcoin and gold; however, Tether, which primarily holds U.S. Treasuries as reserves, could also face redemption and de-pegging risks.