Characteristics of Stablecoins:

- Anti-regulatory

- Cross-border

- No account period

- Low cost

- Permissionless

The proportion of anti-regulatory and speculative attributes will weaken in the coming years. Any opportunity for stablecoin startups must at least focus on one solid model that is mediocre but profitable, and if it can simultaneously address several, it will be a true disruption.

When thinking about new product forms, always remind myself of these points.