#稳定币发展 The value of this collaboration between Sei and Xiaomi lies in the scale of user acquisition—an annual dump of 168 million means that millions of devices will have the Wallet pre-installed, which is a breakthrough on the traffic side. But what is truly worth tracking are the signals on the financial level.

From an on-chain perspective, several key points:

**Stablecoin Payment Rollout Schedule** - In Q2 2026, Hong Kong and the European Union will be the first to launch stablecoin payments such as USDC, which means that the demand for stablecoin liquidity on the Sei chain will significantly increase. You can pay attention to the inflow of assets such as USDC in the Sei ecosystem during this period, as well as the contract interaction data related to the Xiaomi business ecosystem.

**Deployment of the $5 million developer fund** - This money will flow into mobile application development, resulting in considerable gas consumption and interaction on-chain in the short term, while long-term success depends on the actual retention of these applications. It is worth monitoring the fund's usage progress and the corresponding on-chain activity of the projects.

**Price levels have already reflected**——Sei has broken through the head and shoulders pattern, with a daily increase of 6%, which reflects market sentiment. However, from a funding perspective, it is necessary to confirm whether this is institutional positioning or retail following the trend, and large transfers and exchange fund flows can be used to differentiate.

The actual realization of this cooperation is still more than a year away, and during this period, changes in on-chain data will be more valuable as a reference than price fluctuations.