#稳定币生态发展 Looking at Haseeb's 2026 forecast, the data on the stablecoin ecosystem is worth paying close attention to. It is expected that by the end of the year, the stablecoin supply will increase by 60%, with US dollar stablecoins maintaining a share of over 99% — this indicates that market demand for stable infrastructure remains strong.

However, there is a detail to watch out for: USDT's dominant position is expected to decline to around 55%. What does this reflect? On one hand, alternatives like USDC, USDS, and others are gradually eating into the market share; on the other hand, emerging stablecoins (especially on-chain native ones) may gain incremental growth within specific ecosystems.

From the perspective of on-chain capital flows, the growth in stablecoin supply will inevitably be accompanied by significant inflows and outflows — whale movements will become more frequent, and tracking contract activity will become more challenging. This expansion phase usually means more arbitrage and cross-chain bridge opportunities, but the risk concentration also increases accordingly.

The core logic is: total supply expands but the landscape diversifies. Continuous monitoring of on-chain activity data of leading stablecoins is necessary, especially changes in interaction patterns with Perp DEXs and lending protocols. These signals often precede price movements and market expectations.