#稳定币监管 After reading the trend report from a16z, there's a detail worth pondering—the shift of stablecoins from being just trading tools to becoming foundational infrastructure.

What does this mean? The logic of copy trading might need to be adjusted. Many experts previously relied on the flexibility of stablecoins for arbitrage between entry and exit, but once regulatory frameworks are implemented and fiat channels are standardized, this alpha space will be compressed. Conversely, traders built on asset tokenization and the RWA ecosystem will become increasingly popular.

Recently, I've been observing several mid-sized traders who have long shifted from pure derivatives trading to on-chain native assets. This is no coincidence—they've sensed the trend. As stablecoin regulation becomes clearer, systemic risk decreases, and institutions will be more willing to enter the market, deepening liquidity.

The core advice is: when choosing copy trading partners, don't just look at short-term yields; consider whether their strategy framework can adapt to this shift. A good trader shouldn't rely solely on regulatory arbitrage but should remain competitive once the infrastructure is in place. That’s the long-term logic to follow.