#加密货币监管框架 Seeing JPMorgan's latest outlook, I am pondering a question: When the crypto market skyrocketed from $2 trillion to $4 trillion, but the stablecoin payment volume was only $70 billion, what is filling this huge gap?

Honestly, the formation of a regulatory-friendly environment is certainly beneficial, but I am more concerned about investors' mindset during this growth. The faster the market expands, the easier it is to overlook risks. The appeal of digital assets is indeed rising, but behind this growth, bubbles are often lurking.

My advice is simple—if you are also paying attention to this field, don't be dazzled by stories of market doubling. No matter how friendly the regulatory environment is, the crypto holdings in your asset allocation should be at a level you can afford. True stability has never been about chasing the fastest growth, but about being able to sleep soundly in any market condition.

The prospects for stablecoin applications are indeed worth paying attention to, but only if you understand what you are taking on. A long-term mindset is not passive waiting, but rational choice.