Recently, the stablecoin sector has been quite hot. As of the end of December, the total market capitalization of the entire stablecoin market has surpassed $310 billion, a growth of 70% in just one year.

We need to seriously consider what this implies. This is not a sign of another round of hype in the crypto space; rather, it reveals a deeper signal — the global demand for stable and reliable liquidity of digital assets is rising significantly.

Why? Because stablecoins are gradually becoming the "hard currency" in the Web3 world. Whether it's DeFi lending, on-chain transactions, or cross-border payments, these dollar-pegged stablecoins are indispensable. The usage frequency and trading volume of mainstream stablecoins like USDT and USDC are continuously expanding, indicating that both institutions and retail investors are treating stablecoins as more practical assets.

From a market perspective, this growth in the stablecoin market is not a bubble-driven false prosperity but a reflection of the increasing genuine demand within the entire crypto financial system. As more traditional capital and real-world applications integrate, the importance of stablecoins will become even more prominent. This trend has just begun, and how it develops next remains to be seen.