# 稳定币发展与应用

#稳定币发展与应用 Recently, I noticed an interesting phenomenon - the supply of USDe stablecoin surged by 3.7 billion USD in just 20 days. The main driving force behind this is the PT-USDe rotation strategy launched by Pendle and Aave. While this strategy amplifies the potential for returns through leverage, we must not overlook the risks involved.
As someone who has been following asset security for a long time, I would like to remind everyone: high returns often come with high risks. Although this complex leverage strategy may seem appealing, the factors involved, such as price oracle design and li

#稳定币发展与应用 The competition among stablecoin public chains is becoming increasingly fierce! Seeing so many new projects emerging, I am filled with anticipation for the future of this field. New public chains like Arc, Stable, Tempo, etc., are showcasing their strengths and working hard to create their unique advantages. However, I believe the real challenge lies in how to persuade users and merchants to migrate from the existing on-chain systems. After all, mature public chains like Ethereum and Tron have already captured a large portion of the market share, making it difficult for new players

#稳定币发展与应用 It's so shocking! Tether's holdings of U.S. Treasury bonds have reached $135 billion, surpassing South Korea, making it the 17th largest holder of U.S. debt in the world! This figure instantly makes me feel the importance of stablecoins in the financial system. Just think about it, a Crypto Assets project being able to have such a massive asset reserve not only reflects the huge demand for stablecoins in the market, but also indicates that the encryption industry is gradually integrating into the TradFi system.
This news is a huge boon for the entire Web3 ecosystem. Stableco

#稳定币发展与应用 The surge in USDe supply behind this wave is not simple at all. In just 20 days, it rose by 3.7 billion, seemingly prosperous but actually fraught with crisis. On the surface, it is the PT-USDe rotational strategy launched by Pendle and Aave that is fueling the fire, but in reality, it is a high-leverage gamble. Such 10x leverage operations can trigger a chain reaction with just a slight misstep. Although Aave has implemented some risk controls, systemic risks still exist. We old players know very well that such high returns often hide deadly traps. I advise all Newbie frens to not

#稳定币发展与应用 Reflecting on the development history of stablecoins, I can't help but feel a surge of emotions. From the initial USDT to later USDC, DAI, and others, stablecoins are playing an increasingly important role in the crypto world. Now seeing traditional payment giants like Visa fully embrace stablecoins is even more exciting. Four blockchains, four types of stablecoins, multiple fiat swaps—this signifies that stablecoins have officially entered the mainstream application stage.
Over the past few years, I have witnessed many projects rise and fall. Some once-glamorous "killer application

#稳定币发展与应用 Looking back at the early days of stablecoins over a decade ago, I can't help but feel a mix of emotions. At that time, we were still debating whether Blockchain could truly be applied to payments, but now it seems that this revolution has quietly begun. The news of Stripe developing the new chain Tempo makes me feel a familiar wave of innovation.
From acquiring Bridge to integrating Privy, and then building its own Blockchain, Stripe's layout can be described as interconnected. This reminds me of the scene when USDT was first launched, also evolving from a single product to a compr

#稳定币发展与应用 Looking back at the development of stablecoins over the past decade, I have witnessed the evolution from the initial USDT to the various Central Banks launching their own Digital Money today. The collaboration between the Central Bank of Kazakhstan, Solana, and Mastercard to launch the local stablecoin Evo is undoubtedly a milestone initiative. This not only reflects the recognition of Blockchain technology by Financial Institutions but also signals a national embrace of encryption innovation.
I remember in 2014, stablecoins were still a niche concept. At that time, the market was h

#稳定币发展与应用 Looking back at the development of Crypto Assets, stablecoins are undoubtedly an important milestone. From the earliest USDT to the current diverse landscape, stablecoins are playing an increasingly important role in payments, trading, and other areas. The startup RedotPay has secured substantial funding in just a few months, thanks to the continuous expansion of stablecoin application scenarios. They offer stablecoin-based bank cards and global payment services, with impressive data of 5 million users and a payment volume of 10 billion USD.
This reminds me of the ICO mania in 2017

#稳定币发展与应用 Seeing the proposal for the native stablecoin PUSD of Polkadot, I can't help but recall the experiences of being scammed by stablecoin projects in the past. On the surface, using DOT as collateral to issue PUSD seems reasonable. However, upon closer examination, the risks involved are not small.
First of all, the price of DOT is highly volatile, and if it crashes, it could trigger large-scale liquidations, further exacerbating the decline. Secondly, changing the block reward to a stablecoin could affect the network's security. Moreover, if the scale of PUSD is too large, the

#稳定币发展与应用 It's truly exciting to see this news! Ethena has secured a $20 million investment, which is undoubtedly a significant advancement in the stablecoin sector. Especially with innovative products like USDe and sUSDe, which maintain stability while generating returns, it truly addresses a major pain point for crypto asset investors. What is even more thrilling is that this investment comes from the Middle East, indicating that Web3 is gaining recognition globally. We can look forward to seeing more similar innovative products emerge, providing users with more diversified choices. Thi