Study Times publishes article "Technical Principles and Trust Logic of Stablecoins": Stablecoins are gradually integrating into the mainstream financial system

ChainCatcher News, the official WeChat account of the Study Times, hosted by the Central Party School, published an article titled "The Technical Principles and Trust Logic of Stablecoins." The article pointed out: "Against the backdrop of digital finance accelerating its penetration into the global trade system, cryptocurrencies represented by bitcoin and ethereum have attracted widespread attention, but due to their dramatic price volatility, they are difficult to assume mainstream payment functions.

Stablecoins, represented by Tether (USDT) and USD Coin (USDC), establish a pegging mechanism with fiat currencies. This not only retains the advantages of blockchain-based payments such as efficient circulation and low cost, but also avoids the disadvantages of traditional cryptocurrencies, such as instability. As a result, stablecoins have become a hot spot in current digital financial innovation.

Recently, relevant bills and regulatory ordinances introduced in the United States, the European Union, and Hong Kong, China, have laid a compliance foundation for the development of stablecoins. Stablecoins are increasingly favored by global compliant investors and are gradually integrating into the mainstream financial system."