#稳定币监管与发展 Seeing Jupiter launch the JupUSD stablecoin, I started thinking—why are all mainstream ecosystems rushing into the stablecoin race now?
The key point is here: **Infrastructure**. Stablecoins are not some high-end innovation; they are the "utilities" of on-chain finance—like water, electricity, and gas. Without them, even a thriving DeFi ecosystem is just a castle in the air.
What I find interesting about Jupiter's approach is the reserve structure—90% USDtb (endorsed by BlackRock BUIDL Fund) + 10% USDC buffer, plus Anchorage Digital's self-custody solution. This isn't about hype; it