#稳定币发展 From these messages, the competition in the stablecoin chain is accelerating. Plasma and Stable are both rapidly advancing infrastructure construction, but they have adopted different strategies. Plasma has quickly increased its TVL by collaborating with DeFi projects, while Stable focuses more on the institutional market and cross-border payments. There are also differences in their technical routes; Plasma relies on the security of Bitcoin, while Stable adopts its own POS Consensus. In the long run, this differentiated development may enrich the stablecoin ecosystem. However, regulation remains a key factor. As regulatory frameworks gradually clarify in places like the United States, the willingness of institutions to adopt stablecoins may increase. Overall, the competitive landscape of the stablecoin chain is rapidly evolving, and it is worth continuing to follow the developments from all parties.