#稳定币发展与应用 Recently, the new developments in stablecoins have been flooding the news, and I realized that my previous understanding of this area was too superficial. 😅 Ethena Labs' JupUSD launched on Solana, Zama's privacy stablecoin is also live, and there's Plasma's payment vision... It seems that stablecoins are not just "the dollar of the crypto world" anymore?

After looking into the information, I understood that stablecoins are now differentiating—some focus on privacy (Zama uses fully homomorphic encryption, with transfer costs only 0.13 USD!), some adopt a white-label model (Jupiter's JupUSD needs to replace 500 million USD of USDC), and some aim to be true payment tools (Plasma's slogan is "Stablecoins should feel like money").

The most impressive is Zama's approach—direct transfers in encrypted state, with balances and amounts hidden... Isn't this a breakthrough in on-chain privacy? The community is saying this is the "realization of cryptographic ideals," and it feels like the privacy track might take off by 2026.

Honestly, though, I’m still a bit confused about whether these new solutions can be widely adopted after they are implemented, and whether costs and usability can be further optimized. Can any experienced folks help explain what practical benefits these innovations in stablecoins actually bring to ordinary users?