In June 2023, global tech giants intensively entered the stablecoin field, accelerating the integration of this crypto asset into the mainstream financial system. Payment giant Stripe launched a 'stablecoin financial account' covering 101 countries and released the programmable stablecoin USDB; PayPal offers a 3.7% annual yield for PYUSD holders; Visa and Mastercard connect fiat consumption scenarios through stablecoin-linked cards. Meta restarted its stablecoin plan, exploring cross-border payment applications, while JD's Coin Chain Technology has entered the second phase of the Hong Kong Monetary Authority's stablecoin sandbox testing.