{"id":1070,"date":"2025-07-03T08:37:02","date_gmt":"2025-07-03T00:37:02","guid":{"rendered":"https:\/\/aiwiselnk.com\/?p=1070"},"modified":"2025-07-03T10:59:54","modified_gmt":"2025-07-03T02:59:54","slug":"startup-commentarystablecoins-no-doubt-coinbases-iphone-moment","status":"publish","type":"post","link":"https:\/\/aiwiselnk.com\/index.php\/2025\/07\/03\/startup-commentarystablecoins-no-doubt-coinbases-iphone-moment\/","title":{"rendered":"Startup Commentary”Stablecoins: No Doubt, Coinbase’s iPhone Moment”"},"content":{"rendered":"\n
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Read More\u300a\u7a33\u5b9a\u5e01:\u522b\u6000\u7591\uff0cCoinbase\u7684iPhone\u65f6\u523b\u300b<\/a><\/p>\n

Positive Reviews: Stablecoins Inject New Impetus into Financial Innovation, Unleashing Trillion – Dollar Market Imagination<\/strong><\/p>\n

As an important innovation in the cryptocurrency field, stablecoins are evolving from \u201ccryptocurrency trading tools\u201d to \u201cglobal financial infrastructure\u201d. Their disruptive value to the traditional financial system and their driving role in the innovation and entrepreneurship ecosystem have gradually shown great potential.<\/p>\n

I. Solve Traditional Financial Pain Points and Reconstruct Cross – Border Settlement and Payment Efficiency<\/h3>\n

The problems of high cost and low efficiency in traditional cross – border trade and payments have existed for a long time. Under the SWIFT system, cross – border settlement requires multiple intermediary institutions, with an average cost as high as 6% and a time – consuming of 3 – 5 days. Exchange rate fluctuations further increase the implicit cost. However, stablecoins achieve instant on – chain settlement through blockchain technology, reducing the transaction cost by 99% (only requiring Gas fees and a 0.01% custody fee), which significantly improves the efficiency of capital circulation. This advantage has been verified in regions such as Latin America with high inflation and severe exchange rate fluctuations. Enterprises using stablecoins for settlement can not only avoid exchange rate risks but also save time and capital costs.<\/p>\n

II. Empower the Integration of the Cryptocurrency Ecosystem and the Real Economy, and Expand Diverse Application Scenarios<\/h3>\n

Stablecoins are not only the \u201cstable anchor\u201d for cryptocurrency trading but are also penetrating into real – economy scenarios such as B2B transactions and security tokenization (RWA). Currently, 50% of spot cryptocurrency transactions are completed through stablecoins. Their \u201ctwo – way smoothing\u201d effect (promoting the growth of trading volume and reducing the outflow of funds due to market fluctuations) injects stability into the cryptocurrency market. More importantly, stablecoins are deeply integrated with e – commerce (such as the cooperation between Coinbase and Shopify), retail giants (Amazon and Walmart are exploring internal stablecoins), and stock exchanges (tokenized stocks on the xStocks platform), promoting the \u201ctokenization of real assets\u201d (RWA). Institutions such as Standard Chartered and Citigroup predict that by 2030, RWA will contribute 25% – 40% of the demand for stablecoins, and B2B cross – border trade will contribute 10% – 15%. This means that stablecoins are expected to be upgraded from \u201ccryptocurrency tools\u201d to \u201cglobal commercial general media\u201d.<\/p>\n

III. Compliance Advantages and Scarcity Create Growth Dividends for Leading Enterprises<\/h3>\n

Circle’s USDC stands out due to its compliance advantage under the \u300aGENIUS Act\u300b (currently the only stablecoin fully compliant with this act), highlighting its scarcity in the context of stricter regulation. In the current stablecoin market, USDT (74%), USDC (14%), and FDUSD (8%) dominate. However, USDT may be eliminated from the US market due to compliance issues, and FDUSD is restricted by regulatory mutual recognition negotiations. USDC is expected to seize the market during the \u201ccompliance window period\u201d. If, according to a neutral forecast, the scale of stablecoins reaches $1.4 trillion by 2030, and USDC accounts for 35% of the share (approximately $490 billion), the interest income from its reserve of US Treasury bonds alone can reach $14.7 billion (at a 3% interest rate). Coupled with transaction fees and ecosystem service fees, the growth space is huge.<\/p>\n

Negative Reviews: Hidden Concerns Behind the Prosperity of Stablecoins – Regulation, Competition, and Global Currency Games<\/strong><\/p>\n

Although stablecoins have broad prospects, their development still faces multiple challenges. From regulatory uncertainties to changes in the market competition pattern and potential conflicts over global currency sovereignty, all may restrict their large – scale implementation.<\/p>\n

I. The \u201cDouble – Edged Sword\u201d of Regulation: Compliance is Both a Pass and a Shackle<\/h3>\n

The explosive growth of stablecoins highly depends on regulatory support, but the different regulatory attitudes of various countries may become a \u201cstumbling block\u201d. The United States promotes the compliance of stablecoins through the \u300aGENIUS Act\u300b, essentially using stablecoins to absorb US Treasury bonds (such as Bison Trails \u201cendorsing\u201d US Treasury bonds). However, other countries have more complex attitudes towards US – dollar – denominated stablecoins. Although regions such as the European Union and Hong Kong, China, actively regulate stablecoins, they require that the reserve be based on their own national currencies. This makes non – US – dollar stablecoins difficult to promote due to poor liquidity and unstable currency values (such as the currencies of high – inflation countries), and they may ultimately become \u201cquasi – CBDCs\u201d, losing the global universal value of stablecoins. In addition, if the \u300aGENIUS Act\u300b is strictly enforced, USDT may be forced to withdraw from the US market. However, if traditional financial institutions (such as PayPal) issue compliant stablecoins, they may squeeze the living space of USDC with their user and scenario advantages.<\/p>\n

II. Market Competition: It is Difficult to Break Through the First – Mover Advantage and Scenario Barriers<\/h3>\n

The current stablecoin market presents a \u201cduopoly\u201d pattern (USDT + USDC account for 90%). However, USDT still leads USDC in scenario coverage (exchanges, C2B shopping, and corporate salary payments) due to its first – mover promotion on exchanges such as Binance (accounting for 60% of cryptocurrency trading volume). Although USDC has better compliance, it takes time to cultivate user habits. Referring to the Chinese payment market, Alipay and WeChat Pay have occupied users’ minds through \u201cguaranteed transactions\u201d and \u201csocial scenarios\u201d. It is difficult for later entrants (such as Douyin Pay) to break through. For USDC, if it cannot quickly expand new scenarios such as B2B trade and RWA, or if traditional financial institutions (such as banks) launch stablecoins based on their existing customer base, its \u201ccompliance scarcity\u201d may be diluted.<\/p>\n

III. Global Currency Games: US – Dollar – Denominated Stablecoins May Intensify the Controversy over \u201cUS Dollar Hegemony\u201d<\/h3>\n

The expansion of US – dollar – denominated stablecoins is essentially an extension of the US dollar in the digital field. If they are widely used in scenarios such as cross – border trade and RWA, it may further strengthen the global settlement status of the US dollar, triggering concerns of other countries about \u201ccurrency sovereignty\u201d. For example, if emerging market countries rely on US – dollar – denominated stablecoins for settlement, it may weaken the status of their domestic currencies. Economies such as the European Union may hedge against risks by restricting the circulation of US – dollar – denominated stablecoins and promoting euro – denominated stablecoins (which require euro reserves). This game may lead to the fragmentation of the stablecoin market and limit the realization of its global universal value.<\/p>\n

Advice for Entrepreneurs: Seize the Window Period and Build Core Barriers with Compliance, Scenarios, and Technology<\/strong><\/p>\n

The explosion of the stablecoin market provides opportunities for entrepreneurs, but they need to focus precisely on compliance, scenarios, and technology to avoid blind following.<\/p>\n

I. Prioritize Compliance and Seize the Regulatory \u201cEntry Ticket\u201d<\/h3>\n

Regulation is the core threshold for stablecoins. Entrepreneurs need to closely monitor the progress of acts such as the \u300aGENIUS Act\u300b to ensure that the issuance, reserve, and information disclosure comply with regulatory requirements (such as 100% high – liquidity asset collateral). For non – US – dollar stablecoins, they can explore cooperation with local central banks (such as issuing stablecoins pegged to low – inflation national currencies) or focus on cross – border trade within regions (such as Southeast Asia and Latin America) to avoid the risks of global currency games.<\/p>\n

II. Deeply Cultivate Vertical Scenarios and Build a \u201cNecessary\u201d Ecosystem<\/h3>\n

Scenarios are the key to users’ minds. Entrepreneurs can develop customized stablecoin solutions around niche scenarios such as B2B cross – border trade (such as small and medium – sized foreign trade enterprises), RWA (such as tokenization of real estate and artworks), and people’s livelihood payments (such as cross – border remittances). For example, for high – inflation countries in Latin America, a combination of \u201cstablecoins + exchange rate hedging tools\u201d can be launched. For small and medium – sized e – commerce enterprises, a stablecoin payment channel can be connected, and account period management services can be provided to enhance user stickiness through \u201cscenario binding\u201d.<\/p>\n

III. Technology Optimization and Security Assurance are the Foundation<\/h3>\n

The core competitiveness of stablecoins lies in \u201cstability\u201d and \u201cefficiency\u201d. Entrepreneurs need to invest in technology R & D to improve the on – chain transaction speed (such as optimizing the Gas fee mechanism), reduce settlement delays, and strengthen smart contract audits and the transparency of reserve assets (such as real – time disclosure of US Treasury bond holdings). At the same time, they can explore multi – chain compatibility (such as Ethereum and Solana) to expand the user coverage and avoid the risk of network congestion on a single chain.<\/p>\n

IV. Ecosystem Cooperation is More Important than Competition, and Bind Core Partners<\/h3>\n

The large – scale implementation of stablecoins depends on ecosystem collaboration. Entrepreneurs can cooperate with exchanges (such as Coinbase), e – commerce platforms (such as Shopify), and traditional financial institutions (such as payment company Stripe) to quickly acquire customers through \u201cscenario access + user incentives\u201d. For example, cooperate with B2B platforms to launch \u201ccashback for stablecoin settlement\u201d or bind a profit – sharing mechanism with RWA issuers to accelerate market penetration with external traffic.<\/p>\n

Conclusion<\/strong>
The rise of stablecoins is a typical case of the integration of fintech and the digital economy. It not only carries the ideal of reducing global financial frictions but also faces the real challenges of regulation, competition, and currency games. For entrepreneurs, seizing the \u201ccompliance window period\u201d, deeply cultivating vertical scenarios, and building technological barriers are the keys to breaking through in this \u201cdigital currency revolution\u201d. In the future, whether stablecoins can be upgraded from \u201ccryptocurrency tools\u201d to \u201cglobal financial infrastructure\u201d depends on the joint promotion of technological innovation, regulatory wisdom, and global cooperation.<\/p>\n\n\n

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