According to online reports, according to China Economic Network, as Circle, the first stable currency, rose 168% on its first day of listing on the New York Stock Exchange, the stablecin market continues to heat up and has become the focus of attention of international investors. As of the end of May 2025, the total market value of stablecoins has reached approximately US$250 billion, a five-year growth rate of more than 1100%, of which USDT accounts for more than 60%. Experts pointed out that stablecoins combine the transparency of cryptocurrencies with the price stability of legal tender, and have recently introduced clear regulatory measures in many places to promote market development. However, experts also warned that stablecoins still face uncertainties such as insufficient reserves, decoupling risks caused by large-scale redemptions, and high reliance on anchor asset liquidity and credit security, so investors need to remain vigilant.