#USDT稳定币动态 Six years have passed. From the initial concept hype to being called "financial infrastructure" today, I see the stablecoin track more clearly — the true value lies not in price fluctuations, but in real-world payment applications.

But there's a trap to watch out for: whenever a new concept becomes hot, someone always uses the phrase "bright future prospects" to package various air projects. I've seen too many people attracted by the "payment track hype," only to find that they are not actually participating in stablecoin infrastructure, but are just chips for some whales.

What truly matters to observe is the lifecycle — the stablecoin track has already gone through the hype phase and is now entering the application phase. What does this mean? It means projects that rely on storytelling for funding and FOMO-driven hype will gradually fail. Instead, those quietly implementing payment scenarios with real transaction demand will survive longer.

My advice is: don't let news about "bright future prospects" dictate your decisions. Look at actual on-chain activity data, real transaction volume, and the distribution of token holder addresses. Only then can you tell whether it's infrastructure or just air. At this stage, preventing being cut off and chasing high profits is more valuable.