Stablecoin has paved the way, and we are standing on the eve of the explosion of Crypto applications Today is a turning point for the crypto world. The US Senate is about to vote on the GENIUS Act, clearing obstacles for stablecoin compliance; At the same time, JPMorgan, the world's largest bank, has officially applied for trademark registration for its stablecoin "JPMD". Prior to this, American business giants such as Shopify, Stripe, Amazon, and Walmart had quietly settled in stablecoin payments. Stable Summer is just the prologue. The real explosion is the spread of the application layer, which is the opportunity for "real needs" and "daily life". 1. Stablecoins are not the endpoint, but the key Stablecoins are essentially the 'circulation interface for digital dollars', and at the same time, this interface bridges the last mile between on chain and reality. In the future, stablecoins will not have only one form. USDT, USDC, JPMD, PayPal USD, DAI, Frax, EURe... will develop in parallel in different countries, scenarios, and regulatory systems. What truly dominates is not the coin itself, but the "infrastructure+application stack" built around stablecoins. This layer is the key to the next round of growth for Crypto. 2. The Eve of Application Explosion: Three Core Scenarios ① Refactoring payment experience: mobile wallet x stablecoin x reward mechanism Frax founder @ samkazemian recently publicly recruited a team to develop a stablecoin payment+reward app, clearly pointing out the market gap. This track already has pioneers: @Eco integrates consumption, savings, and rebates into a Web3 version of Apple Pay; @Send is a social stablecoin payment experience that focuses on sending money like a message; @Shopify collaborates with Coinbase to launch a USDC payment cashback program, and the actual implementation on the C-end is accelerating. The common feature of these products is that they no longer emphasize speculation and chain operations, but truly build a "daily wallet experience" around stablecoins. ② Open B2B Cash Flow: Stablecoins x Corporate Financial Instruments The legality and auditability of stablecoins provide businesses with new settlement options outside of banks, and Crypto is entering a real 'cash flow scenario'. @Humifinance utilizes USDC to provide credit financing for platform merchants, enhancing B2B DeFi capabilities; @RaiseApp uses stablecoins to manage gift card clearing, providing retailers with a compliant and efficient channel for funds; More and more projects are exploring enterprise applications such as on chain settlement, revenue sharing, and real-time payments. Although this type of scenario may not be as emotionally fulfilling as NFTs or memecoins, it can truly run, generate income, and maintain retention. ③ Building Web3 Consumer Finance Stack: Stablecoins x User Relationships x Data Driven The future Web3 wallet will no longer be just an asset storage tool, but an entry point for users' consumption+credit+incentive system: ·Can record consumption, points, levels, and rebates; ·Dynamically adjust user rights based on on on chain data; ·Refactoring the 'digital membership system' with stablecoins as the main asset and token mechanism as the incentive layer. Why is a digital membership system crucial? Because it directly relates to the customer's lifetime value (LTV). When identity, data, and incentives are integrated, users are no longer just "passers-by", but the most valuable asset of the platform. At present, products such as @ KaitoAI have built decentralized user stratification and incentive mechanisms, based on behavioral data, participation trajectories, and content contributions, unleashing unprecedented influence. But this is just the starting point. Once the digital membership system truly completes the user's lifecycle loop, the Token incentive model will become the most powerful growth flywheel in the entire world. Whoever can first open up this path is most likely to capture the first batch of real long-term users of Crypto. It will also be a fusion of Cash App, TikTok, and Coinbase - with both payment efficiency and user relationships, ultimately settling value sovereignty. Write at the end All infrastructure is ready. Compliance has opened the way, giants have entered the market, and stablecoins have run the last mile. The explosion of the Crypto application layer is no longer a narrative, but a matter of time. The real winners are not those who create stablecoins, but those who use coins to run value loops and establish real usage scenarios. Stablecoin has paved the way, and we are already on the eve of the explosion of Crypto applications.