#稳定币总市值新高# In 2025, stablecoins have transformed from supporting roles in the crypto market to the core engine of global digital financial reform. Market capitalization has doubled, volume has surged, institutional funds are getting on board, regulatory compliance is being established, and innovative application layers are emerging one after another. Stablecoins are profoundly reshaping the global financial landscape. Investors need to closely follow policy trends, technological innovations, and market trends, rationally allocate assets, and seize the long-term dividends of the stablecoin sector. Seeking balance between innovation and risk control will be key to future stablecoin investments. With RWA being brought on-chain, DeFi innovations, and the expansion of payment scenarios, the stablecoin market is expected to continue to grow, becoming an important component of the global financial system.