#支付系统与数字支付 Recently, I came across a case in the UAE that moved me. ADNOC has enabled AED stablecoin payments at over 900 gas stations, and the logic behind it made me think of a common issue many investors overlook when allocating assets.

The evolution of digital payments essentially reflects advances in risk management. Stablecoins exist because people need to find a balance between innovation and security — the same principle applies to our asset allocation.

Looking at the details of this project: fully reserved, regulated, endorsed by the government and banks, starting from everyday scenarios like gas stations. This is not a reckless gamble but a way to gradually integrate new technology into daily life by minimizing risk. As I often say, true prudence is not about rejecting innovation but participating in it in moderation, based on an understanding of the risks.

The key is customer choice. People can use traditional payments or opt for stablecoins — no one is forced. This "option rather than obligation" design also provides inspiration for our asset allocation — leaving room for adjustments and avoiding all-in on any single approach.

The three words worth remembering are instant, secure, and frictionless. In the long run, the innovations that truly endure are often those that reduce costs without adding extra risks.