#稳定币增长与监管 Stablecoin trading volume is almost half of the market share, yet the top 1000 wallets control 85% of the transfer volume. This data is truly astonishing. Where is the promised decentralization? It now looks like a big institution's ATM, while small retail P2P transactions, though numerous, account for a painfully low proportion of the total amount.

It's like a bustling marketplace that appears lively, but in reality, the main customer flow is monopolized by a few large merchants. Regulatory authorities have surely noticed this as well. The centralization issue of stablecoins is becoming increasingly obvious, and more policies are definitely on the way. Those still hyping the stablecoin concept should be cautious; the wind can change at any moment.