#稳定币与支付应用 Stablecoins have really taken off, and by 2025, VC firms' retrospectives consistently point to it as the biggest winner. Tether has become one of the highest-profit companies per capita, can you believe it?

The key is that stablecoins are no longer just tools for trading cryptocurrencies; they are now truly providing basic financial services. Binance, the presidential family, sovereign funds are all rushing into the space, and the trillion-dollar battle has just begun. Moreover, the Intercontinental Exchange invested $2 billion in Polymarket, and the prediction market sector is also soaring.

It's even more interesting to compare — established players like Robinhood are quickly expanding after regulatory clarity, "predicting where the hockey puck is sliding," becoming the biggest winners in 2025. In contrast, entrepreneurs like Do Kwon face 15 years in prison, and Terra's collapse has become an industry hallmark of failure.

Basically, the landscape has changed. Only those who can truly make money and have practical use cases will survive; the era of purely cutting leeks is over. Now, the focus should be on who can thoroughly realize the payment value of stablecoins.