ME News message, December 18 (UTC+8), CZ stated during the "2025 Year-End Q&A AMA" hosted on BNB Chain that what the market is currently seeing is still just the stablecoin 1.0 phase, and stablecoin 2.0 has not yet truly begun to develop. The largest stablecoin by market capitalization does not provide yields, and Tether occupies a significant market share due to its first-mover advantage. He believes that Ethena's approach has been relatively successful, as the project has been adopted by numerous exchanges and can provide yields to users, which encourages the team to continue exploring such models. CZ also pointed out that the current regulatory environment is more open than before, but BNB Chain has not deployed a native stablecoin for some time. The BNB team will welcome as many stablecoin-related projects as possible and provide them with the strongest support. (Source: ME)