# 稳定币市场与发展

#稳定币市场与发展 Seeing JPMorgan move JPM Coin from Kinexys to Base, I immediately thought of the wave in 2017. Back then, we were all discussing whether banks would go on-chain, and after all these years, we are finally seeing a top-tier global financial institution take this step.
Looking back at the development path of stablecoins is quite interesting. Initially, everyone thought stablecoins were just trading pairs, but later it became clear that they could be a combination of settlement tools, collateral, and payment methods. From USDC and USDT to now bank-issued stablecoins, each stage answers

#稳定币市场与发展 Seeing JPMorgan Chase deploy JPM Coin on Base, I can't help but feel an overwhelming excitement! This is not just a piece of news; it's a signal of traditional finance and the Web3 world shaking hands.
Imagine, the once high-and-mighty Wall Street giants now recognizing the value of on-chain payment tools. They are being very honest—they point out that public blockchains lack trustworthy, asset-backed payment tools. And stablecoins are becoming the bridge connecting these two worlds.
What does the transition of JPM Coin from a private chain to a public chain mean? It signifies that

#稳定币市场与发展 JPMorgan has put JPM Coin on Base. This may seem ordinary, but it actually reveals an interesting phenomenon.
Traditional financial institutions are beginning to pay attention to on-chain cash tools. What does this mean? It indicates that the stablecoin sector has been recognized by major capital as a "necessity." But there's a detail to be cautious about — they emphasize "whitelist permissioned".
I've seen too many people fooled by the concept of "mainstream institutions entering," thinking that big organizations coming means they can just sit back and win. That's not true. The log

#稳定币市场与发展 Ripple and AMINA Bank collaboration looks very interesting——in simple terms, it’s about breaking down the low-efficiency barriers of traditional cross-border settlements. 7×24 hour minute-level settlement targets those lengthy correspondent banking systems, and the underlying logic is closely related to the core needs of the stablecoin market.
From a follow-up perspective, this kind of cooperation sends a signal: stablecoins are no longer just trading tools; they are being integrated into real financial flows. This means that in the future, more traders with cross-border settlement

#稳定币市场与发展 The layered effects in the stablecoin sector are beginning to emerge. CZ's statement is quite interesting——the current mainstream USDT and USDC are essentially 1.0 products, with single functions and zero yields, which determines that their ceiling is at the payment and settlement layer.
The core difference of 1.5-generation stablecoins lies in their yield mechanisms and the expansion of application scenarios. The growth bottleneck of FDUSD mainly stems from the friction costs of fiat on and off ramps, which is a hard constraint on the supply side; USD1 has more complete infrastruct

#稳定币市场与发展 Seeing the news that Circle launched the Arc Developer Fund, I recalled an important observation — the maturity of the stablecoin ecosystem actually begins with such infrastructure investments.
Many friends ask me why I focus on the development direction of stablecoins rather than just price fluctuations. To be honest, it’s like building a house. A solid foundation is necessary before you can live peacefully. Circle’s dedicated funding to support real-world financial applications, on-chain markets, asset trading, and other scenarios reflects that stablecoins are gradually evolving f

#稳定币市场与发展 Ripple and AMINA Bank's collaboration is quite interesting; finally, a bank is taking stablecoin settlement seriously. 7×24 hours minute-level settlement, which is indeed a positive for crypto businesses engaged in cross-border trade—eliminating the cumbersome processes of traditional correspondent banks.
The key point is that AMINA already supports RLUSD custody trading, indicating that stablecoins are gradually moving from "concept" to "practical application." The parallel handling of fiat and stablecoins seems to be building a bridge between Web3 and traditional finance. Although

#稳定币市场与发展 The story of stablecoins has only just reached chapter 1.5, and this is where the opportunity lies.
Looking at CZ's analysis, traditional USDT and USDC have long since become complacent, with hardly any returns. Now, new generation stablecoins like FDUSD and USD1 are beginning to emerge, and the logic behind them is simple—better liquidity, more application scenarios, and richer ecosystem support.
For us retail enthusiasts, what does this mean? New projects, new airdrops, and new interactions will revolve around these new stablecoins. USD1 has a solid foundation in the US, and relat

#稳定币市场与发展 Is Stablecoin 1.5 coming? CZ says FDUSD and USD1 are just getting started, what does that mean 🤔
Honestly, I used to think old relics like USDT and USDC were too boring, no yield, no surprises. Now finally someone is starting to get creative! Although FDUSD is limited by fiat channel costs, USD1 is deeply rooted in the US, and there was a project announcement today—feeling like there’s really something here 👀
The most bold statement is from CZ—"The market space is huge, what we see now is just the tip of the iceberg." Keep in mind, the stablecoin field is still in 1.0, and no one

#稳定币市场与发展 I was a bit confused when I saw the news about the Federal Reserve recently, but it seems like a good thing? 🤔 Previously in 2023, banks entering the crypto space seemed to be "strongly opposed," but now the Federal Reserve says policy has been adjusted, giving banks more room to engage in stablecoins and other crypto-related activities...
What does this mean? It feels like the previous "ban" has loosened a bit? And I also heard that a Federal Reserve Board member named Waller is particularly supportive of stablecoins and DeFi, and he might become the next chairman... If that's the