#稳定币市场发展 Six years have passed. Watching stablecoins evolve from a concept exploited by speculators into a form of payment infrastructure makes me feel a bit complicated.

I still remember a few years ago, stablecoins were just tools to harvest retail investors—various air projects claiming to be "stable" to siphon funds, and many people lost everything because they believed in the word "stability." But recent changes are truly worth paying attention to. Real application scenarios are quietly taking shape, payment liquidity is gradually improving, and this is no longer just a playground for market makers.

The key is to recognize: stablecoins themselves are not the problem; the issue lies with the ecosystem players around them. Truly foundational infrastructure takes time to mature, just like in the early days of the internet. After the bubbles burst, only the valuable things remain. What looks stable now might really be usable in the future, but that doesn't mean every project you jump into now is reliable.

Advice from experienced people: don't be fooled by the halo of "infrastructure." Focus on the project team's background, the authenticity of liquidity, and most importantly—your entry and exit prices. The stablecoin track is a long-term story, but your principal must be able to survive until that day comes.