#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 comprehensive ecosystem. The difference is that Stripe has chosen a route of vertical integration, fully controlling everything from token minting to transaction settlement, which may have more advantages in the current environment of tightening regulations.

The introduction of the US GENIUS Act has undoubtedly given companies immense confidence. Looking back at the regulatory storm that stablecoins faced in 2018, the current policy environment is like night and day. This also confirms a viewpoint I've held for many years: any truly valuable innovation will eventually be recognized and regulated.

However, Stripe's choice to build its own blockchain rather than connecting to existing public blockchains is also worth pondering. This may indicate that competition in the payment sector will become more intense in the future. Whoever can master every critical path from the user end to the validation nodes will take the lead in this restructuring.

As an old-timer who has witnessed multiple crypto cycles, I can't help but remind newcomers: innovation is certainly important, but we must not forget that the essence of stablecoins is to serve the real economy. I hope Tempo can bring actual value to users, rather than becoming just another speculative tool. After all, the true revolution is not about disruption, but about making people's lives better.