#稳定币支付与基础设施 There have been many hot topics in the crypto world these days, but the most interesting developments are actually happening outside the blockchain circle.

Ctrip quietly launched USDT payments, BC Card completed a stablecoin pilot, Grab is also integrating... Why are these internet giants and payment giants suddenly focusing on stablecoins? At first glance, it seems like blockchain applications are being implemented, but upon closer inspection—this is not innovation from the crypto space at all, but a reality driven by fiat currency devaluation.

The data mentioned in the news left a deep impression on me: Bolivia’s currency depreciated by 65-137% in one year, Iran, Turkey, and Egypt’s currencies depreciated over 200% in five years. In such an environment, settling transactions in the local currency is simply unsustainable. Ctrip can save 2.35% on hotel bookings using USDT, and save 18% on flights—this is not just marketing hype; it’s real hedging against exchange rate risk.

Interestingly, the news pointed out that 80% of the global population cannot even get international credit cards, which is the true driving force behind the spread of stablecoins. It’s not hype from the crypto community, but a necessity driven by reality. When the existing financial system fails, people will find their own solutions.

There is currently a significant polarization in the community: some say this is the dawn of crypto applications, while others worry about further disorder in fiat currencies. But I see it as a phenomenon: where the economic system is out of balance, alternative solutions will emerge.

Are stablecoins still problematic? Yes, sometimes their fees are outrageous. But the real question is: when will the instability of stablecoins become more acceptable than the devaluation of fiat currency? That moment will truly prove everything.