#稳定币发展与应用 The story of stablecoins is entering a new chapter! 🚀

Recently, a few things have made me particularly excited: Ethena Labs' white-label stablecoin JupUSD launched on Solana, and Zama achieved truly private stablecoin transfers using fully homomorphic encryption — these are not small iterations but key proofs that stablecoins are evolving from "just trading pairs" to "real money."

Think about it, what is missing in traditional finance? **Efficient payments** + **Privacy protection** + **Extremely low costs**. And this is exactly what Web3 stablecoins are filling in. Zama's single transfer costs only $0.13 and can hide transaction amounts and account balances — this is no longer just a technical showcase but real, usable financial infrastructure.

Even more interesting is the emergence of white-label solutions. Jupiter replaces old stablecoin positions with JupUSD, based on the logic that: **Different scenarios require different stablecoins**. Payment chains use payment stablecoins, lending markets use lending stablecoins, privacy scenarios use privacy stablecoins — decentralized finance is upgrading from "a single application" to "a complete set of professional tools."

This is the core of FinTech 4.0: not pursuing everything at once, but achieving excellence in specific scenarios. The current expansion in the stablecoin track is not just about more projects, but the entire ecosystem is moving from idealism to reality. 🌟