In this cycle, on-chain innovation doesn't seem as lively, but a recent industry insider's perspective is worth pondering: stablecoins have actually already taken the lead over all "killer applications," becoming the true pioneers of large-scale adoption in crypto.

This is not just empty talk. Looking at a few specific scenarios makes it clear: cross-border payments, salary disbursements, corporate fund management—these are real and urgent needs, and they are naturally suited for on-chain settlement. No longer is there a need to wait for a revolutionary dApp to emerge; stablecoins have quietly changed the game in these high-frequency transactions.