#稳定币发行与类型 Big news! The Federal Reserve has finally retracted last year's "strong opposition" to crypto policy statement. The signals behind this adjustment are worth pondering.

Think about it, the 2023 statement almost kept banks out of the crypto door, especially in the area of stablecoin issuance—banks basically had no chance to participate. Now the Fed has changed its tone, citing a shift in risk perception, which actually reflects a deepening understanding of Web3 across the entire financial system.

What does this mean for the stablecoin ecosystem? Previously, stablecoins were mainly issued privately by project teams. Now, with traditional banks involved, it means: **the bridge between fiat and on-chain assets will become wider and wider**. Imagine when bank-level stablecoins go live—how much trust and liquidity could that generate?

Even more interesting, Fed Chair candidate Waller called stablecoins "a new form of private currency." His logic is particularly clear—stablecoins are not meant to overthrow the existing system but to coexist with traditional payment tools. This view indicates that regulators are beginning to accept the possibility of coexistence rather than a black-and-white confrontation.

The spring of decentralized finance is gradually thawing from the policy level. What we see is not just relaxed regulation but also traditional finance and blockchain technology starting to find pathways for integration. Once this trend takes shape, it will be hard to reverse.