#稳定币市场竞争 Seeing the recent news in the stablecoin sector, I have some thoughts I’d like to share with everyone.

The Circle CEO mentioned that stablecoins will experience an "explosion" in 2026, and CZ also pointed out that the industry is still in its early stages. These viewpoints all point to the same phenomenon—the stablecoin market is far from saturated. But what I want to say is that market enthusiasm often clouds our judgment.

Currently, mainstream stablecoins like USDT and USDC are quite mature but lack attractive yields. New generation stablecoin products are emerging, some with limited growth and others with promising prospects. This competition seems to be a good thing, but it also means risks are being spread out. My experience tells me that in the early stages of a sector, participants tend to overestimate their ability to predict changes.

So my advice is very straightforward: even if you are optimistic about the long-term prospects of stablecoins, don’t allocate all your positions to a single new product. It’s wise to pay moderate attention to well-founded options, but more importantly, maintain a rational mindset—controlling risks and diversifying allocations in a market full of possibilities is the most prudent approach. After all, a positive trend doesn’t mean every participant will make money.