Regarding the controversy between stablecoins and certain trading platforms, the core contradiction actually lies in the insufficient understanding of the business model.

Many people haven't grasped a key point: the fundamental logic of stablecoins is essentially the second growth curve of US dollar assets and US Treasuries. As everything moves onto the blockchain and becomes a major trend, coupled with the strategic support from the US government, how crazy is the scale of this track? A blue ocean market worth trillions of dollars.

In comparison, the so-called distribution channels and traffic platforms today are basically negligible when it comes to the true explosion of stablecoins. Their profit models are nearing their ceiling, with limited growth potential.

But stablecoins are different. This is a level of financial infrastructure business, with future potential at a completely different scale. The business prospects are much broader than traditional trading platform models. Of course, this assumes a true understanding of the fundamental logic of this track.