Tech giants accelerate their layout in stablecoins, pushing this field to transition from financial instruments to infrastructure. Their strategic intentions and potential impacts can be analyzed from the following dimensions:

1. Reconstruction of the payment ecosystem

Meta plans to integrate stablecoins into platforms like Instagram, supporting cross-border payments and the creator economy; Stripe has launched stablecoin accounts covering 101 countries and the programmable stablecoin USDB, integrating with the Visa card system. By reducing the costs of traditional payment networks (transaction fees from 3-5% down to 0.1%) and improving efficiency (settlement time reduced from days to seconds), they aim to capture the market. These actions are intended to build a new payment closed loop, breaking the monopoly of traditional systems like SWIFT.