As a Web3 blogger, I receive numerous private messages from fans every day asking me, "Can I participate in this stablecoin? Is there a reliable way?" Today, I want to use the simplest question—what does stablecoin have to do with you?—to help everyone truly understand the financial transformation of this era.
1. If you are Argentine#
You live in a country with an annual inflation rate exceeding 200%, and the salary you receive today may not be worth anything tomorrow. What would you do?
Young people in Argentina have long stopped taking their national currency, the peso, seriously. Their motto is: "The peso is a meme coin; USDT is my piggy bank." The first thing they do when they receive their salary is to exchange it for USDT, store it in their wallets, and even start paying for lunch with stablecoins. This is not speculation; it is self-preservation.
2. If you are a freelancer in Southeast Asia#
You do remote work in the Philippines, Vietnam, or Indonesia, relying on overseas orders to support yourself.
But here comes the problem: bank cards are not widespread, and it is difficult to open a dollar account. What to do? Stablecoins are your most convenient payment method. You can directly receive USDC and then use a local wallet to scan and pay for meals, coffee, or taxis—all sorted.
3. If you are a young person in Africa#
You may not even have a bank account; your phone is your only financial tool.
Stablecoins have become your first "bank," requiring no approval and no identity verification. Just install a wallet app, and you can receive money, transfer funds, and trade. Stablecoins give those who have never been covered by traditional financial systems a true financial identity.
4. If you are American#
You will find that stablecoins have already begun to permeate your life.
Using USDC to receive payments on Stripe, enjoying an annual interest rate of 3.7% in PayPal, remitting money to Mexico at a fee 90% cheaper than banks; if you are a DeFi user, it goes without saying that platforms like Aave and Compound are using stablecoins for lending and wealth management.
In the investment circle, "stablecoins are like their safe haven; when Bitcoin crashes, many people will immediately exchange it for USDT to temporarily preserve value and decide on the next step once the market stabilizes." Even charitable donations and real estate purchases are being completed with stablecoins.
5. If you are a Chinese person in Hong Kong#
Congratulations, you are in one of the few regions in the world with clear legislative support for stablecoins.
In May 2025, Hong Kong passed a dedicated "Stablecoin Bill," allowing stablecoins to be legally used for cross-border payments, DeFi wealth management, RWA asset settlement, Web3 applications, and even digital asset trading. In the future, stablecoins may even be involved in your daily QR code shopping, salary settlements, and fund investments.
6. If you are a user in mainland China#
First of all, congratulations.
You live in a country with a stable currency system and complete financial facilities. Bank branches are everywhere, and mobile scanning is almost ubiquitous; everything from grocery shopping to transportation can be solved with just a smartphone. Moreover, most goods are abundantly supplied, with little reliance on cross-border payments or foreign currency settlements.
In such an environment, stablecoins are not a necessity for you. Of course, we also need to recognize that stablecoins in mainland China still belong to a legal gray area; they are neither officially recognized currency nor legally compliant financial products.
Some may say, haven't JD and Ant Group announced stablecoins?
Yes, but you need to understand two things first:
1. It is being done in Hong Kong, compliant under the regulation of the Hong Kong Monetary Authority.
In other words, this stablecoin will not be issued in mainland China, nor will it be directly traded on domestic apps. JD and Ant Group are doing this more to serve cross-border trade, international settlement, and Web3 applications, which belong to "financial infrastructure for enterprises," not a "wallet payment tool" aimed at ordinary people like you and me.
2. Even if it opens up in the future, there will be "compliance thresholds."
For example, it may require real-name registration, whitelisting, identity verification, and restrictions on the use of funds, making it impossible to transfer freely or speculate like USDT. In simple terms, this type of stablecoin operates within the formal financial system. It is entirely different from the "underground operations" of finding someone to exchange USDT in WeChat groups.
Therefore, what you are likely to see are more funds disguised as "high yield" or "stablecoin wealth management," carefully packaged behind "stock recommendation teachers," and scams that repeatedly exploit people with no accountability.
Right now, what you need most is not to chase trends but to build awareness and enhance prevention. Understanding is fine, but don't act rashly, and definitely don't follow the crowd blindly.
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