@yamadaidaidai
Written in Singapore on September 4, 2025
In August 2025, global financial cities began to undergo drastic market changes under the impact of the stablecoin wave. The promotion of Genius Act and Project Crypto, combined with the wealth creation examples of Mstr and Circle, broke the balance of interest games in traditional finance. Stablecoins, coin-stock linkage, DAT, RWA and on-chain asset management quickly became hot spots of competition in the new environment.
In essence, the implementation of the Stablecoin Act is the starting point for a comprehensive reform of the global financial chain. The second curve of Crypto's growth will follow the application scenarios of stablecoins and the tokenization of various assets, combined with the flexibility of Crypto finance and the historical experience of professional finance, to form differentiated development under different compliance frameworks in different regions.