Investors deal with blurred boundaries between debt and digital finance

Thursday’s financial news highlighted concerns about excessive pricing of debt markets in an ongoing inflation and high interest rates, with high-yield bonds and emerging market bonds facing potential repricing risks. In the DeFi field, community-recognized stablecoins are increasingly attracting attention as an alternative to a transparent and governance-backed decentralized model. Meanwhile, Tron TRON founder Justin Sun announced an important ecosystem expansion plan aimed at competing with Ethereum and Solana, which has attracted close attention from the market. These developments reflect that due to the influence of macroeconomic pressure, the integration of traditional finance and digital finance is becoming increasingly deepening.