#稳定币市场发展 USD1 market cap breaks through $3 billion, a data point worth paying attention to. The stablecoin track is indeed evolving — from early USDT monopoly to today's diverse competitive landscape. Yi Lihua's statement reveals institutional judgment: stablecoins are not only trading tools, but also infrastructure for crypto assets entering mainstream finance.

From an on-chain perspective, USD1's growth speed and capital backing behind it (Liquid Capital's heavy position in WLFI) indicate this is not short-term speculation. The competitive logic of stablecoins has shifted from pure liquidity competition to comparison of ecosystem integration and risk management capabilities. The $3 billion scale in the stablecoin sector is still medium-sized, but the growth rate and endorsement direction warrant tracking.

Recommend paying attention to two signals: first, USD1's on-chain active address count and daily transaction volume trends, which determine its practical application foundation; second, major whale wallet holding changes in USD1, as institutional real actions often carry more reference value than public statements. The differentiation of the stablecoin track is already settled, and subsequent competition will focus on compliance, yield rates, and cross-chain deployment.