#稳定币市场发展 USD1 market cap breaks through $3 billion USD, this data point deserves attention. The stablecoin track is indeed evolving — from early USDT monopoly to today's diversified 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 hype. The competition logic of stablecoins has shifted from pure liquidity competition to comparison of ecosystem integration and risk management capabilities. A $3 billion scale in the stablecoin sector is still mid-tier volume, but the growth rate and endorsement direction are worth tracking.

Recommended to monitor two signals: first, USD1's on-chain active address count and daily transaction volume trends, which determine its actual application foundation; second, major whale wallet holdings changes in USD1, institutional real actions are often more valuable as reference than public statements. Differentiation in the stablecoin track is now a done deal, and subsequent competition will focus on compliance, yield rates, and cross-chain deployment dimensions.