#加密概念美股 China Economic Net "Economic Daily" published an article today titled "The Unstable Risks Behind Stablecoins" stating that the stablecoin market has been continuously heating up recently, with Circle's stock surging 168% on its first day of trading, attracting significant market attention. Currently, the global market value of stablecoins has reached 250 billion USD. The analysis indicates that stablecoins can bypass certain traditional intermediaries and complete payments, storage, and value transfers directly on the blockchain, which is practically significant in scenarios requiring high-frequency trading, cross-border transfers, and digital economy settlements. However, when there are insufficient reserves or large-scale redemptions, stablecoins may face decoupling risks. A global regulatory framework for stablecoins has not yet been fully established, leading to risks such as regulatory arbitrage. If countries diverge on regulatory standards in the future, the global circulation of stablecoins may be hindered. Currently, stablecoins still face a series of challenges and uncertainties, with the core issue being their high dependence on the liquidity and credit security of anchor assets.