Stablecoins are entering the era of scenario-based specialization A Binance report shows that stablecoins have expanded from crypto trading tools to savings, payments, yield, and global settlement scenarios. USDC leans more toward institutional settlements and DeFi, while USDT continues to dominate in cross-border payments and value transfer networks. In the compliance era, the focus of competition is shifting from issuance scale to scenarios, channels, and localized growth.