#稳定币市场发展 Looking back at the development of the stablecoin market since 2019, it is truly thought-provoking. From the initial dominance of USDT, to the rise of newcomers like USDC and DAI, and then to the chain reaction triggered by the collapse of UST, each stage has left us with profound lessons. Now seeing new players like Plasma launch large-scale liquidity incentives reminds me of the DeFi summer sparked by COMP mining back in the day.

History is always surprisingly similar. In the short term, this high yield will inevitably attract a large influx of funds, and a surge in TVL is unavoidable. However, in the long run, the projects that can truly stay are those with real demand and the ability to continuously create value. For ordinary users, while enjoying high yields, it is also important to carefully assess risks and not blindly chase highs. After all, we have witnessed too many fleeting projects.

The future of the stablecoin market may gradually mature through these ups and downs. As witnesses and participants, we have the responsibility to summarize experiences and lessons learned, and to promote the industry towards a healthier direction. We hope Plasma can bring new vitality to this market, and also hope that while pursuing profits, everyone does not forget their original intention.