Veteran traders in the cryptocurrency world understand: In the early years of trading, fears of extreme price fluctuations and high transfer fees charged by Swift for cross-border transactions were prevalent, and platform failures could lead to total losses—these pain points have now been completely rewritten by stablecoins and self-custody!
At the beginning of 2024, the global market value of stablecoins surpassed 180 billion USD, with non-USD stablecoins experiencing explosive growth. This is no longer a speculative game, but a real financial revolution with tangible assets. USDT and USDC maintain their value through fiat currency collateral, while Dai uses ETH for over-collateralization in a decentralized manner. They have created a value layer that enables real-time settlement around the clock: cross-border remittances arrive in just a few minutes, with fees only a few cents, directly overturning the veil of traditional finance.
The more critical point is the explosion of self-hosted technology! In the early days, memorizing mnemonic phrases was like memorizing a password book; losing assets meant going to zero. Now, smart contract wallets allow social recovery and biometric identification, eliminating the need to remember private keys while still being able to pay gas fees, enabling ordinary users to easily control asset sovereignty—this is the confidence that cryptocurrency enthusiasts should have: your money truly belongs to you, not frozen by platforms and without worries about institutional runaways.
The new cryptocurrency bank is the core of this revolution: it offers a smooth experience like Alipay, along with the high yields and transparency of DeFi. One interface can handle savings, lending, and NFT investments, integrating protocols like AAVE and Uniswap as easily as building blocks, without the need to switch platforms back and forth, while still firmly holding onto private keys. Now Visa and Mastercard support real-time cryptocurrency conversions to fiat, with millions of merchants quietly integrating; cryptocurrency payments are no longer exclusive to geeks.
Regulation is also catching up: the EU's Mika legislation has been implemented, the US is advancing stablecoin payment legislation, and Singapore and Hong Kong are actively attracting innovative enterprises. Compliance + self-hosting are no longer contradictory; zero-knowledge proofs can enable anonymous compliance, and regulatory smart contracts can automatically screen large transactions. The industry is moving away from uncontrolled growth.
Sister Bai reminds: the new cryptocurrency bank is now divided into two main tiers, with leading platforms dominating the screen through user volume, while vertical players accurately harvest specific regions and segmented demands. For newcomers, there’s no need to blindly chase after new trends; start with cross-border payments and high-yield savings. Remember, "If it’s not your private key, it’s not your coin," and gradually adapt to the rhythm of managing your own money.
In the next 3-5 years, AI + new cryptocurrency banks will bring about automated wealth management and fragmented asset investments, allowing ordinary people to afford real estate and government bond shares. This multi-trillion-dollar arena is no longer just a small skirmish.
