Stablecoins have several characteristics:

- Regulatory resistance

- Cross-border

- No accounting period

- Low cost

- Permissionless

The proportion of regulatory resistance and speculative attributes will gradually weaken in the coming years. Any opportunity for stablecoin entrepreneurship must at least occupy one of the mediocre but profitable models and execute it thoroughly. If multiple aspects can be balanced simultaneously, it will be truly disruptive.

When thinking about new product forms, always remind yourself of these points.