Japan's supervision of yen stablecoins is actually quite contradictory - it clearly stipulates that it cannot be freely circulated across borders, which basically locks the global use scenario.

The question is: If a platform with 200 million global users wants to do payment and settlement, do you think they will choose a tool that can't even leave the border? This logic doesn't work at all.

Now the market can really run through cross-border payment solutions, it depends on those on-chain assets without geographical restrictions. My main configuration is still on SOL, at least liquidity and ecology seem more reliable at present.