#密码资产动态追踪 Stablecoins are truly different this time. They used to be just on-chain tools, but now they are really becoming a daily payment option. The penetration rate of payment cards has increased, on-chain settlement efficiency has improved, and user experience shows a stark contrast—many people feel that using coins is no different from using cash for the first time.

The data is even more eye-catching. Bank card payment volume has skyrocketed by 400% year-over-year. Even amid market turbulence, ERC20 stablecoins on Ethereum, whether in active users or total supply, are approaching historical highs.

The most interesting part is where the growth engine is—regions with high inflation pressure and insufficient banking coverage. Stablecoins directly address the difficulties of cross-border remittances and commercial settlements, becoming a practical choice.

Issuers are also benefiting. Just in 2025, revenue on Ethereum alone is expected to easily surpass $5 billion. The larger the user base, the more revenue generated. This positive feedback loop has already started to stabilize. Regulatory authorities in the US might fine-tune profit-sharing rules, which could further boost growth.

Ultimately, stablecoins have upgraded from experimental assets to the infrastructure of new finance.