#BTC资金流动性 【How Stablecoins Become the Infrastructure of the Bitcoin Ecosystem】

As the value of BTC continues to expand into Layer2 and DeFi applications, the entire ecosystem needs a stable value anchor to maintain order. That’s why the role of stablecoins is becoming increasingly critical—they act as the "lubricant" for ecosystem operation.

A good stablecoin must meet several hard metrics:

**Over-collateralization Guarantee**
On-chain transparent reserves must be at least 130%, which is no small figure. This means that for every 1 USD of stablecoins in circulation, there are over 1.3 USD of real assets backing them. This is the foundation of trust and a buffer against risk.

**Precise Price Pegging**
A 1:1 USD peg cannot be just marketing talk; it must be achieved through algorithms to ensure true stability. Only then can DeFi applications build complex financial models based on predictable prices.

**Native Integration Capability**
Stablecoins must be deeply integrated into the Bitcoin Layer2 ecosystem, maintaining consistency across different blockchains. This allows liquidity to be aggregated and prevents capital from flowing into other unstable alternatives.

**Interest-Bearing Mechanism**
Assets operating within the stablecoin system should generate yields, which is key to ecosystem stickiness. Users not only gain stability but also value appreciation, making them more willing to lock in capital long-term.

From an application perspective, the core functions of stablecoins are threefold: to enable DeFi applications to operate around a stable value foundation; to attract and lock liquidity within the ecosystem through strong gravitational pull; and to provide structural support during the expansion of the Bitcoin ecosystem from Layer1 to Layer2.

**Question for everyone**: During the rapid development phase of the Bitcoin ecosystem, should the priority be building an absolutely stable value foundation (the strength of stablecoins), or expanding application diversity and innovation first? Which has a greater impact on attracting capital and users?