#稳定币应用与发展 After looking at Phantom's recent moves, to be honest, it's quite interesting. A $3 billion valuation, multi-chain deployment, a full package of stablecoins + debit cards + prediction markets—it's clear they're competing head-to-head with exchange wallets.

The problem is, the wallet sector is now like a red ocean. The Solana ecosystem itself is highly volatile, user retention is already difficult, and Phantom's attempt to become an independent end-product with these new features depends on how many users they can retain moving forward. Stablecoin applications and debit cards do have potential, but whether they can translate into genuine user stickiness remains uncertain.

It feels more like a forced choice—without expanding into new business areas, they simply can't withstand the encroachment of exchanges. With successive funding rounds and increasing growth pressure, they must find ways to shift from a wallet tool to an ecosystem platform.

Let's wait and see. If these new features can really be put to use, it would be a positive for the entire stablecoin ecosystem. But if they end up just stacking features without coherence, it could actually reduce user experience and be counterproductive.