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Wu said that BlackRock has released its 2026 Global Outlook report, which focuses on analyzing the "mega forces" reshaping the market, including artificial intelligence, low-carbon transition, and the future of finance. The report specifically points out that with the surge in stablecoin adoption, emerging market countries face the risk of declining domestic currency usage, as stablecoins are gradually challenging governments' control over their national currencies. Stablecoins are no longer niche markets; they are becoming a key bridge between traditional finance (TradFi) and digital liquidity. Additionally, BlackRock believes that in the context of high debt levels and geopolitical diversification, investor demand for "alternative stores of value" (such as Bitcoin) may increase, but this is more implicitly reflected in the macro narrative.