Recently, I noticed an interesting phenomenon: some privacy-focused projects are implementing deflationary mechanisms while also promoting real financial applications. Take ASTER as an example; their approach is quite worth watching.

From a token perspective, the Burndrop plan is quite straightforward—using the platform's trading fees and transaction revenues to continuously buy back and burn tokens. The logic is clear: decreasing circulating supply puts pressure on the supply side, which long-term supports the token's value. This isn't a new concept, but there aren't many projects executing it well.

What truly catches the eye is another development. The Startale development team has partnered with Japan's SBI Holdings to launch a compliant Japanese Yen stablecoin by 2026. What does this mean? The door to traditional finance is opening. Japan is a country with relatively clear regulations on crypto assets. If this partnership materializes, the stablecoin can operate within a formal framework, greatly expanding the ecosystem's potential. The application potential worth trillions is not just talk.

It's a two-pronged approach: on one side, the scarcity of the token itself is increasing; on the other, application scenarios and user base are expanding. Compared to pure technical hype or speculative capital games, this approach is much more stable. The privacy coin sector has been less talked about in recent years, but it seems some projects are working diligently.