#稳定币发展 Looking back, the development of stablecoins has been full of ups and downs. From the early USDT to later USDC, DAI, and others, each innovation has propelled the industry forward. Now, with Plasma launching a new type of stablecoin bank card, a new chapter has begun. This reminds me of 2017, when stablecoins were still in their infancy and many people were skeptical about their prospects. However, proof of time has shown that stablecoins have become an indispensable part of the encryption ecosystem.

The emergence of Plasma One reflects that stablecoins are expanding into a broader range of payment and financial application scenarios. With a yield of over 10% and 4% cash back, these advantages are indeed very attractive compared to traditional banking products. However, we must also remain vigilant, as high returns often mean high risks. The collapse of Terra/UST in 2022 served as a wake-up call for the entire industry.

The development of stablecoins needs to seek a balance between innovation and safety. Whether Plasma can deliver on its promises and whether its risk control measures are in place are both worth our close attention. Overall, stablecoins are gradually integrating into the mainstream financial system, and there is ample room for future development. However, we must also learn from historical lessons and proceed with caution. After all, in this cyclical industry, excessive optimism is often the prelude to disaster.