A stablecoin applying for a national trust bank license marks a significant shift in its operational model from being on the fringes of the financial system to becoming a core, regulated infrastructure. This move prioritizes control, legality, and predictable operational mechanisms (such as smoother redemptions and clear settlement) over ideological flexibility, thereby aligning with institutional demands for reliability and scale. By complying with banking regulations, capital adequacy requirements, and undergoing comprehensive regulatory scrutiny, the stablecoin will be subjected to public stress tests. If it passes the tests, it will transition from an experimental project to a mature financial instrument trusted by the market.