#美国核心物价涨幅不及市场预估 Stablecoins have already become the infrastructure of the crypto market. Leading USD-pegged stablecoins like USDT and USDC have surpassed a market capitalization of $300 billion. What does this number reflect? Simply put, the on-chain demand for US dollars is exploding.

Why is this so important? Because stablecoins are becoming the bridge between traditional finance and the crypto world. Users can more conveniently move assets between centralized exchanges and on-chain DeFi, with settlement efficiency far surpassing traditional banking systems. Especially in the context of Federal Reserve policy adjustments and declining core inflation data, the market's demand for USD liquidity tools is actually increasing.

$BTC $ETH 's price fluctuations often drive the trading volume of stablecoins, forming an interesting positive feedback loop — the more volatile the market, the more attention stablecoins receive.