#稳定币市场发展 The development of the stablecoin market is truly full of ups and downs. I still remember back in 2009 when Bitcoin was born, we old folks were still arguing about the future of Digital Money. In the blink of an eye, over a decade has passed, and seeing traditional financial giants like Visa starting to embrace stablecoins, I can't help but feel a mix of emotions.

This time, Visa's pilot of stablecoin cross-border payments reminds me of Ripple's attempts back in the day. At that time, we were discussing how to optimize the cross-border payment process using blockchain technology. Now Visa treats USDC and EURC as "bank deposits"; isn't this exactly the scenario we envisioned back then?

However, history always repeats itself. I remember when the Tether controversy was at its peak in 2018, everyone was questioning the reliability of stablecoins. Now that giants like Visa have entered the market, it undoubtedly gives the market a shot in the arm. But we also need to be vigilant and not repeat the same mistakes. After all, the collapse of Luna/UST is not far behind us.

In the long run, the integration of stablecoins with TradFi is an inevitable trend. Visa's attempt this time is likely to become a milestone event. However, we must remain clear-headed, as regulation, technology, and market acceptance can each become a stumbling block.

Looking back at the past and looking forward to the future, the development of the stablecoin market remains full of uncertainties. We veterans who have witnessed countless ups and downs should maintain a cautiously optimistic attitude, continue to observe and analyze, and contribute our part to the healthy development of this industry.