#稳定币应用场景 After reviewing Kyle's 2026 plan, there are several signals worth paying attention to. The large-scale adoption of stablecoins is one I am particularly focused on — he predicts CRCL could reach $200, with the core logic being the advancement of Tempo infrastructure development and major banks getting ready.

From on-chain data, the application scenarios for stablecoins are indeed expanding. Currently, cross-chain liquidity for USDC and USDT is increasing, but the real inflection point should occur when institutional-grade stablecoin products are launched. Although the rate-cut cycle is not favorable for stablecoin yields, it may actually boost circulation speed — this is an underestimated point.

Key observation: Previously, stablecoins mainly served as a trading medium, but now they are beginning to support multiple functions such as payments, settlements, and treasury management. If major banks truly launch their own on-chain stablecoin products in 2026, the scale of fund migration could far exceed expectations. Whoever can provide the best cross-border settlement experience at that time will win large capital inflows.

Current data points to monitor include: the deployment progress of stablecoins on payment infrastructures like Tempo, on-chain activity of institutional wallets, and official statements from major banks. Once whale addresses significantly increase their holdings of specific stablecoins, it signals a rush for funds.