Stablecoins are hot right now. Kong Rong, TF International analyst, deputy leader of TF Research's TMT industry research group and head of international research, told reporters that the market expects that the scale of stablecoin transactions may reach 2 trillion or even 3.7 trillion US dollars in the next few years. The first stablecoin, circle, has risen 5 times since its listing, with a market value of over 50 billion US dollars in the early stage. With the improvement of field channels, market stability, and the expansion of payment scenarios, it will bring incremental growth, including IWA's digital assets on the chain, physical assets on the chain, etc., and there is an opportunity to create a new paradigm and reshape the business growth logic of financial institutions. With reference to the valuation of global financial technology companies of 30 times or more, we can look forward to the positive changes in the entire financial system by combining the reference to the overall global technological level, industrial development, and the growth factors brought about by the continuous breakthroughs in AI technology.