#稳定币监管与发展 Looking back, the journey of stablecoins is like a complex puzzle. From the early days of USDT to the later emergence of USDC, BUSD, and others, each has struggled to survive between regulation and innovation. Now, Cash App’s announcement of support for stablecoin transfers is undoubtedly an important milestone. This reminds me of the stir caused when Facebook launched Libra in 2019, prompting governments around the world to voice their opposition. But today, mainstream payment platforms are starting to embrace stablecoins, indicating that regulatory attitudes are softening.

However, history has a way of repeating itself. In the 1990s, electronic currencies like e-gold also enjoyed their moment in the spotlight but eventually declined due to regulatory issues. Can stablecoins avoid repeating these mistakes? The key lies in finding a balance between convenience and compliance. Cash App’s addition of Bitcoin payment functionality may be one such attempt—meeting user needs without crossing regulatory red lines.

Looking to the future, the path of stablecoin development is still full of uncertainties. But one thing is certain: only projects that can coexist harmoniously with the existing financial system will achieve lasting growth. We should draw wisdom from past experiences and find the optimal balance between innovation and regulation. After all, history offers inspiration to the wise and lessons to the ignorant.