In 2023, the stablecoin market experienced explosive growth, with the market size exceeding $200 billion, an increase of nearly $17 billion since the beginning of the year. This growth is attributed to the widespread acceptance of stablecoin payment methods globally, especially in the field of cross-border payments, where stablecoins have become an alternative to traditional finance due to their efficiency and low cost. Additionally, improvements in the regulatory environment, such as the implementation of the EU's MiCA regulations, have paved the way for the compliant development of stablecoins. Major issuers like Tether and Circle are also actively increasing the issuance of stablecoins, further driving market expansion. In the future, stablecoins are expected to become mainstream financial instruments, reshaping the global payment landscape.