In the just-passed year of 2025: Stablecoins were "written into global regulations" for the first time. If in the past stablecoins were just tools within the crypto world, then in 2025, the US, EU, and many Asian regions successively passed stablecoin legislation, signifying that stablecoins are beginning to become "assets within the regulatory framework" 🏛️ The essence of this development is not a positive signal for USDT or USDC, but rather that stablecoins are officially recognized as the "legitimate monetary form on the on-chain settlement layer."

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