The stablecoin sector receives another positive signal. As December progresses, the total market capitalization of stablecoins has surpassed $310 billion, representing a 70% increase compared to the same period last year. Behind this growth, related legislative improvements (such as regulatory framework optimization) are accelerating institutional capital deployment. The two leading stablecoins, USDC and USDT, continue to dominate the payment and settlement sectors due to their liquidity and recognition advantages. More notably, stablecoins are becoming a bridge connecting traditional finance with the on-chain world—applications of real-world asset tokenization are gradually being implemented, expanding from cross-border payments to asset settlement. Institutional adoption is accelerating, and market maturity is significantly improving.