The official passage of the stablecoin bill has brought positive impacts on the Blockchain ecosystem, especially for Ethereum, which has far-reaching significance.

This impact mainly stems from a key fact: the major stablecoin assets in the market, such as USDT and USDC, mostly choose to be issued on the Ethereum network. As stablecoins gain clear legal status and regulatory frameworks, the concerns of traditional financial institutions and large investors entering the crypto market will be greatly reduced, and as the underlying infrastructure, Ethereum is likely to become their primary choice.

From a long-term perspective, this development will strengthen Ethereum's core positioning as the "financial internet." With the participation of more institutional players, we can foresee that the on-chain activity of Ethereum will gradually increase, and the network's transaction fee revenue is also expected to grow steadily, resulting in a more prosperous overall ecosystem.

Although this policy change may not immediately trigger drastic price fluctuations in the short term, in terms of the medium to long-term development trend, the passage of the stablecoin bill undoubtedly provides more legitimacy support and development opportunities for Ethereum. Against the backdrop of gradually improving regulatory frameworks, the cryptocurrency market is developing towards a more mature direction, which also prompts us to rethink our positioning and preparations in this transformation.