The popularity of stablecoins in everyday payments is profoundly reshaping the structure and ecology of the cryptocurrency market, with its impact mainly reflected in the following aspects:

1. Expanding cryptocurrency adoption scenarios

Stablecoins, with their low transaction fees and real-time settlement features, are driving the transition of cryptocurrencies from speculative tools to practical payment mediums. For example, the popularity of small cross-border remittances in Asia and Latin America, as well as offline scenarios like coffee shops, allows more non-crypto users to first encounter crypto assets, significantly broadening the user base. Data shows that stablecoin users have reached 28.5 million globally, with monthly transaction volumes exceeding 600 million.

2. Enhancing market liquidity and stability

As a "safe haven" for trading pairs, stablecoins account for 60-70% of on-chain cryptocurrency trading volume, reducing the impact of Bitcoin/Ethereum price volatility on daily payments, while also providing stable liquidity pools for DEXs. By 2024, the total supply of stablecoins will reach $160.5 billion, becoming a major settlement tool in the market.

3. Accelerating the expansion of the DeFi ecosystem

Automated payment scenarios driven by smart contracts (such as scheduled salary payments and supply chain settlements) make stablecoins core assets in DeFi protocols. Mainstream stablecoins like USDT and USDC are deeply integrated into lending and derivatives markets, driving the growth of locked funds and financial product innovation.

4. Restructuring market competition

USDT holds a 75% market share due to its first-mover advantage, but compliant stablecoins like USDC penetrate through enterprise payment scenarios, encouraging institutional participation. At the same time, exchange-customized stablecoins like FDUSD intensify competition between platforms, while public chains like Solana and TRON compete for market share by optimizing payment speeds.

Potential risks: Regulatory tightening on reserve audits and cross-border flows may impact certain stablecoin projects, while excessive reliance on the US dollar peg could also enhance the correlation between crypto market and traditional financial risks. However, overall, stablecoins are becoming a "super bridge" connecting fiat currencies and the crypto world, and the expansion of their payment scenarios will continue to drive the mainstreaming process of cryptocurrencies.