#稳定币监管与发展 Looking back at the development of stablecoins, it's clear that they have always been surrounded by controversy and regulatory pressure. From the earliest USDT to the later USDC, and now to Sui's launch of USDsui, every new stablecoin has drawn attention and sparked discussion in the market. This time, Sui's decision to partner with Stripe is clearly an attempt to leverage traditional financial credibility to boost USDsui's public trust. However, history shows that the success of a stablecoin depends not only on the asset reserves behind it, but more importantly on its actual use within the ecosystem. I remember when DAI was first launched, it was highly anticipated as well, but ultimately failed to challenge USDT's dominance. Whether USDsui can secure a significant role within the Sui ecosystem remains to be seen. In the long run, though, the importance of native stablecoins to a public blockchain is self-evident—they can not only improve on-chain transaction efficiency but also inject liquidity into the entire ecosystem. I hope the Sui team can learn from past experiences and strike a balance between compliance and innovation. After all, in this rapidly changing crypto world, only projects that withstand the test of the market can truly gain a firm foothold.