Liu Yu, CEO of Yuanbi Technology: The stablecoin field will form a pattern of "super numbers, multiple powers", and the current alliance ecology will eventually achieve interconnection and interoperability

Foresight News reported on the spot that Liu Yu, CEO of Yuanbi Technology, said in a speech titled "Stablecoin Storm: Power Game and Territory Reshaping" at the 2025 Shanghai Blockchain International Week, "More than 45 countries or regions around the world have launched or implemented stablecoin supervision, and application scenarios have also extended from exchanges and DeFi to B2B, B2C, card payment and cross-border settlement. In addition, the current stablecoin market is showing a trend of alliance development. Issuers of stablecoins and traditional payment networks are seeking to extend upstream and downstream in their original ecology (stablecoin issuers establish payment networks, and PayPal, Stripe, etc. seek to issue stablecoins). Although the trend of alliances will deepen in the short term, the long-term globalization and permissionless characteristics of blockchain will achieve connectivity between networks and eventually establish a circulation network across all ecosystems.


The development of stablecoins will have three directions. First of all, he believes that stablecoins are divided into four layers, application layer, deposit and withdrawal layer, asset layer, and liquidation layer. In the future, the boundaries between the layers will gradually blur, and there will be something similar to the Super App in the Internet financial industry. The second is that regional stablecoins will rise, and there will be non-USD stablecoins that will have a huge market in non-USD legal currency circulation areas; thirdly, the stablecoin market will go from a hundred flowers to a chaotic integration. In the future, there will not be only two or three monopolistic markets for stablecoins, nor will there be hundreds or thousands of companies competing at the same time. Instead, there will be a few giants, plus some regional stablecoins occupy a certain market in specific areas. "

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