Last year, stablecoins performed quite strongly on Ethereum, with issuers alone generating $5 billion in revenue through on-chain deployment. The logic behind this is actually quite clear—Ethereum as infrastructure significantly reduces the distribution costs of financial products. Compared to traditional finance, on-chain products have inherent advantages: low cost, transparency, high liquidity, and the ability to be freely combined. This is why more and more financial institutions are beginning to focus on Ethereum deployment; they can reach global investors at lower costs, and the products offered are more flexible and efficient. In simple terms, Ethereum is becoming the standard choice for the new generation of financial infrastructure.