#稳定币市场发展 Seeing BlackRock and JPMorgan both highlight stablecoins in their 2026 outlook, I have to be honest—this is not hype, it’s really happening.

The data is very clear: the crypto market cap has doubled to $4 trillion in half a year, stablecoin trading volume is soaring, and institutions are starting to seriously view it as a bridge. But I must point out the warning signals within this.

Emerging markets need to be cautious. Standard Chartered says stablecoins could lead to a $1 trillion deposit outflow, and this is not scare tactics—when fiat currencies depreciate and capital controls tighten, people will naturally look for alternatives. But here’s the question: who gets cut in this process? It’s definitely retail investors who enter late. The big institutions have long been positioned; their current push for stablecoins is a long-term bet. But retail investors are easily fooled by the story of "the rise of stablecoins," and then chase high into certain junk projects.

The Genius Act also needs to be understood clearly. Traditional financial products with similar yields that are now appearing on-chain—on the surface, they seem innovative, but you have to ask: who bears the risk promise? Regulatory friendliness does not equal risk disappearance; it might even make you die faster due to unclear rules.

I’ve seen too many people lose money in stories of "great trends." Stablecoins are indeed the future direction, but the current stage is for institutional deployment, not retail wealth creation. If you really want to participate, first clarify whether you are investing in the application of stablecoins themselves or a new coin riding on the stablecoin banner. These are two completely different things.