When it comes to the market size of “stablecoins”, Chen Chen pointed out: “The current market size of ‘stablecoins’ is nearly 250 billion US dollars. In the past, it was mainly driven by bottom-up demand, with significant conflicts of interest with the traditional financial system and high compliance thresholds.” With the successive passage of “stablecoin” bills around the world, compliant “stablecoins” are gradually demonstrating higher strategic value.

Looking ahead to the impact trends of “stablecoins” and RWA on the virtual asset industry, Chen Chen analyzed and pointed out: “In terms of short-term impact, as the compliance channel opens and the global capital allocation is restructured, virtual assets enjoy the liquidity dividend, which in turn attracts high-quality assets to be on the chain, forming a positive flywheel effect.” In terms of long-term impact, on-chain finance will shift from marginal experiments to the backbone of the global financial infrastructure, and RWA will become the core driving force for the “new framework of the global financial system”.