#稳定币 Seeing Aave release its 2026 strategy, I am pondering a question: When the institutional RWA market Horizon launches, what role will stablecoins play?

From the news, Horizon allows institutions to borrow stablecoins using tokenized assets like government bonds, indicating that stablecoins are evolving from retail tools into financial infrastructure. With $75 billion in net deposits and a 52% fee share, these numbers reflect a trend—the boundaries between traditional finance and on-chain finance are blurring.

But there's a detail worth cautioning: the larger the scale, the more critical risk management becomes. I’ve always believed that participating in any ecosystem growth requires asking oneself three questions—Is this stablecoin sufficiently collateralized? Is the liquidity deep enough? Is my position allocation reasonable?

Aave’s ambition is to reach trillion-dollar assets, but what truly belongs to us is the clear awareness of risk. While optimistic about the long-term prospects, don’t forget to manage your own asset allocation. When the big waves come, the prudent are not those who do nothing, but those who know how much volatility they can withstand.