Stablecoin Controversy and Development: The Battle for the Future of Financial Infrastructure

As the stablecoin sector rapidly evolves, controversies continue to emerge. To delve deeper into the real trends in this field, an English video program has conducted an in-depth analysis of the various attitudes and latest developments in the current stablecoin market.

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The program pointed out that an executive from a fintech company valued at several billion dollars publicly stated that stablecoins are "meaningless." This executive believes that in major currency payments, stablecoins not only fail to reduce costs but actually increase transaction fees, especially in on-chain transactions and fiat currency exchanges. He stated that the fintech company has achieved efficient cross-border payments by building a proprietary banking network, and stablecoins have not provided any significant advantages.

However, in stark contrast to this cautious attitude, many tech giants and financial institutions are actively laying out plans in the stablecoin space:

• A payments giant invested heavily in the acquisition of related infrastructure companies and plans to promote stablecoin payment solutions to merchants around the world.
• Major securities clearing agencies in the United States are piloting a dollar-backed stablecoin to modernize settlements.
• Large European banks launch USD stablecoins that comply with regulatory standards, issued on multiple public blockchains.
• Asian payment giants are actively applying for stablecoin issuance licenses in multiple jurisdictions.

At the same time, market demand has also shown explosive growth. A Bitcoin sidechain project attracted nearly 3,000 wallets injecting $1 billion in stablecoin funds in a short period. Although some question whether this may be speculative behavior, it also reflects the market's strong interest in new financial instruments.

We are now witnessing an important change in the future of financial infrastructure. Although there are still traditional fintech companies that are skeptical, more and more financial giants are actively deploying in the stablecoin space. This is not just a debate about cryptocurrency, but a pivotal battle that will determine the direction of the next generation of financial infrastructure. In this revolution, stablecoins are evolving from a controversial concept to a core infrastructure that reshapes the global payment system.