2026-01-12 19:45:46

Stablecoins perform exceptionally well on the technical level—fast transactions, low fees, seamless cross-border transfers. But when large-scale real users start to flood in, this system begins to encounter difficulties.

Account opening, fiat on/off ramps, compliance checks—each step points to the same issue: identity verification. The more complex this hurdle becomes, the longer the user registration process takes. Cumbersome KYC verification, anti-money laundering requirements, and varying regulatory standards across regions turn what was originally a smooth experience into layers of barriers. The result is hindered adoption, and the technical advantages are gradually eroded by real-world constraints. For stablecoins to truly become a mainstream tool, this identity paradox must be resolved first.

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ChainDetective

· 01-15 19:37

Identity verification is indeed the Achilles' heel of stablecoins. The technology is impressive, but it can't withstand regulatory hassles. After all the effort with KYC, each country has its own standards. How can this be mainstream... Instead, it feels like working for centralized institutions. The dream of stablecoins died at the first account opening form, haha. That's why on-chain remains on-chain, and it's hard for Web3 to go mainstream.

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Ser_APY_2000

· 01-15 16:19

Bro, you're so right. Technical prowess is great, but it doesn't mean much if you're stuck on that KYC nonsense. Really, no matter how good the experience, users won't run away. No one can bypass the compliance wall. So, it all depends on how each country's regulators set the tone. Otherwise, stablecoins will always be just toys for a small circle. The KYC process is truly incredible. I spent half a day trying to register and still didn't finish, so I just gave up. Basically, it's the contradiction between technology and reality, which can't be solved in the short term. That's why DeFi is actually thriving more—no need to deal with these troublesome issues. Got it. The bottleneck for stablecoins isn't on the chain; it's stuck in policy. So, for centralized stablecoins to take off, we need to wait until each country clarifies the rules first.

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AirdropGrandpa

· 01-14 09:29

It's the same old story again, is it just about technology? Reality is much more complicated than you think. That KYC system is really incredible, more troublesome than opening a bank account. Who wants to bother with it? It looks easy to do but is difficult in practice. The future of stablecoins is doomed because of these regulatory approvals.

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EthSandwichHero

· 01-12 20:15

Basically, it's about technology being capable, but reality falling short. --- KYC is truly the biggest killer of stablecoins, no doubt. --- It's always the same script: good projects get hammered by regulations. --- Identity verification can't be sorted out, and stablecoins will always be just toys for a small circle. --- No matter how advanced the technology is, it can't withstand a bunch of compliance documents being enforced harshly. --- Why does it feel like all Web3 products are stuck at this hurdle? --- The problem isn't with stablecoins; it's that the world isn't ready for decentralization. --- It's that old, tired KYC anti-money laundering regulation again. When will there be a way out?

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TokenAlchemist

· 01-12 20:09

kyc gatekeeping kills the whole asymmetric play tbh

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GasBankrupter

· 01-12 20:04

Haha, this is the classic problem of Web3—technology hitting the ceiling while regulations slam the door shut. That KYC process is really impressive; I wanted to hop on quickly but got stuck at identity verification. Honestly, it's still centralized systems causing the issues. No matter how powerful stablecoins are, they can't escape this fate. Different policies in various regions mean disaster. How can this become a mainstream tool? Wait, shouldn't we look for fully decentralized solutions? The reality is harsh—technological advantages are really insignificant in the face of KYC.

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Layer2Observer

· 01-12 20:00

Identity verification确实是天大的瓶颈，技术再牛逼也绕不过去。看了不少项目试图跳过KYC，结果呢，一碰监管直接暴雷。让我们看看数据——某些号称"无需验证"的稳定币，实际用户留存率低得离谱，大多数还是逃不了合规这一关。理论上讲这就是个权衡问题，隐私和合规根本无法兼得。真正有意思的发现是，某些Layer2的本地解决方案在这方面做得不错，但依然没完全解决用户体验的割裂感。需要澄清一点——这不单纯是技术问题，而是制度设计跟不上，光优化代码改善不了。

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NoodlesOrTokens

· 01-12 19:56

It's the same old story again, right? You're right, but it's of no use. --- KYC procedures are really incredible. I wanted to get on board quickly, but I was stuck for two weeks. --- Having great technical skills is useless if you can't get past the regulatory hurdle. --- Basically, it's just wanting to have your cake and eat it too. --- Identity verification is indeed a huge joke. --- I just want to ask, does anyone have a way to bypass these broken processes? --- It looks like stablecoins still need to wait a bit longer. --- The problem is identified accurately, but what about the solutions?

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