Has increased 5 times in a week, can stablecoins continue the glory of Bitcoin?

A week ago, almost no one knew about stablecoins, but now they are trending. First, Ant Group announced related business; then JD.com also plans to use stablecoins for cross-border transactions, and the U.S. Congress is promoting this as well.

The first stablecoin stock, CRCL, has listed for a week and has already increased 5 times, seemingly poised to become the next Bitcoin.

Upon checking, it indeed has such potential:

Stablecoins are digital dollars, while Bitcoin is digital gold. One is used for stable cross-border transactions, while the other is more for investment and speculation; stablecoins are akin to a digital version of cash, maintaining price stability through 1:1 reserves of dollars or U.S. Treasury assets. Their transaction speed can reach seconds, and transaction fees are only 10% of traditional cross-border remittances;

Stablecoins (like USDC) require regular audits of reserves, the Hong Kong 'Stablecoin Regulation' mandates licensed operations, and the U.S. 'GENIUS Act' enforces reserves in U.S. Treasury bonds, promoting them as a new distribution channel for U.S. Treasury bonds.

Given all this, in the context of accelerating cross-border trade, stablecoins have a lot of potential in the future.