#稳定币市场与应用 The major events in the crypto industry in 2025 have given me new insights into stablecoins. From the US GENIUS Act officially bringing payment stablecoins under federal regulation to Circle and Ripple being approved to establish national trust banks, stablecoins have evolved from mere trading tools to financial infrastructure. What does this mean? It indicates that future airdrop opportunities will increasingly focus on compliant stablecoin ecosystems.

But this also serves as a warning to the "moon boys"—operational risks and counterparty risks have become new core variables. The $1.4 billion theft at Bybit and the subsequent $19 billion liquidation wave remind us: when choosing projects, consider their background strength, and before engaging, assess the platform’s custodial capabilities.

My advice is this: the upcoming airdrop map should revolve around three types of projects—first, stablecoin projects with US trust licenses; second, stablecoins issued by traditional fintech companies (like Klarna); third, DeFi protocols deeply integrated with these ecosystems. These projects have stronger backgrounds, and the true value of their airdrops is more stable. The costs remain the same, but the returns will be more solid.