#稳定币应用 BlackRock's report really hits the nail on the head. Stablecoins are no longer a niche product; they are gradually eroding the control that countries have over their fiat currencies. Emerging markets are hit the hardest, with Standard Chartered Bank estimating potential losses of over 1 trillion USD in deposits, a figure that is quite alarming.

The key point is that the U.S. has already enacted the @E5@ Act, which directly allows crypto companies to offer yield-like products that are banned by banks. This is clearly a slap in the face to traditional finance. Stablecoins have become a bridge connecting traditional finance and digital liquidity, and in terms of efficiency, they completely outshine.

But on the other hand, governments around the world certainly won't sit idly by. The banking systems in emerging markets are already fragile, and if there is a large-scale shift towards stablecoins, the financial risks will definitely escalate. So, the next step is to see how various countries regulate this matter; there might be some "black swan" level policies. The game of stablecoins is becoming more and more interesting.