Stablecoins are upgrading from the on exchange USD of crypto to the on chain cash layer of global finance This article has read through the seven most important conclusions and future trend impacts on the future development trend of the stablecoin market, which contains a huge amount of information. As Binance's own data to provide feedback to the market, let me first share my most intuitive feeling after reading it: Stablecoins are upgrading from the "on exchange dollar" of crypto to the "on chain cash layer" of global finance. There is a lot of valuable information, and I am now breaking it down according to "valuable conclusions → future trends → what will be useful to you". one ️⃣ I think the 7 most valuable conclusions Conclusion 1: Stablecoins are no longer just trading hubs, but are becoming "on chain US dollar savings accounts": 30% of Binance users put more than half of their portfolios in stablecoins, an increase from 4% in 2020 to 30% in 2026; Conclusion 2: Users are willing to pay a high premium for stablecoins, indicating that they have become a "safe haven asset" in many regions The report mentioned that in the Binance user system, 87% of fiat currencies have a premium when purchasing stablecoins; The higher the inflation, the higher the premium: that is to say, stablecoins have already taken on some functions of gold, US dollar cash, and offshore accounts in some regions. This means that the underlying demand in the stablecoin market is not just for crypto native users, but for a wider range of foreign exchange, inflation, and cross-border payment needs. Conclusion 3: Binance is packaging itself as a stablecoin financial center, not just an exchange; Binance holds $53 billion in stablecoin reserves, and the report points out that centralized exchanges remain the main venue for stablecoin activity, with users using stablecoins for trading, earnings, payments, and collateral management, rather than simply mentioning self custody or DeFi. The meaning behind this is very direct: the more stablecoins resemble cash, the more powerful the platform that controls the cash entrance, revenue entrance, and payment entrance will be. Of course, I think the risk exposure is also here. In the future, everyone will store their stablecoins in CEX, and risk is a big issue. Conclusion 4: Stable coin revenue products have become the core tool for retaining users on exchanges; Binance Earn's stablecoin rewards have increased from $97 million in 2022 to $1.2 billion in 2026; Conclusion 5: Stable coin payments are no longer a pure concept; Conclusion 6: Non US dollar stablecoins and on chain FX are the next dark lines; My judgment: US dollar stablecoins are still the main trend, but non US dollar stablecoins will become increasingly important. In the future, if the liquidity of compliant stablecoins related to euros, pounds, Hong Kong dollars, Japanese yen, and Chinese yuan deepens, on chain FX will become the infrastructure for payments and cross-border settlements, rather than just trading pairs. Conclusion 7: Weekend cash flow and AI machine payments are long-term possibilities for stablecoins; This part is still early, but worth keeping an eye on. Human payment pursues low cost and fast settlement, while machine payment pursues programmability, micro payment, high frequency, and automation. Stablecoins are naturally suitable for the latter. two ️⃣ The impact on future trends; The following is purely my personal opinion after reading it, and is not intended as any reference or investment advice. Welcome everyone to comment: Firstly, stablecoins will increasingly resemble a "global cash layer on the chain" Secondly, exchanges will be more like "on chain banks", but regulatory pressure will also be greater Thirdly, stablecoin returns will shift from a "high APY temptation" to a "risk pricing game" Fourthly, payments and cross-border transfers will be the most genuine long-term applications. three ️⃣ My conclusion: Stablecoins are upgrading from the on exchange USD of crypto to the on chain cash layer of global finance, which is definitely an inevitable trend! However, it should be noted that stablecoins will definitely become increasingly important in the future, but they are not risk-free assets. It only reduces the risk of price fluctuations, but does not eliminate issuer risk, reserve risk, anchor detachment risk, exchange custody risk, regulatory risk, on chain contract risk, and yield product risk. Especially now, many people place stablecoins on the exchange Earn and think they are "dollar deposits" when they see returns of 5%, 8%, or 10%. This understanding is actually very dangerous. The stablecoin cash position and stablecoin income position must be separated. The pursuit of cash warehouse is liquidity and safety, not maximizing returns; A profit warehouse is essentially a risky asset, regardless of whether it appears to be a stablecoin or not. The truly reasonable approach is not to use a single stablecoin All in, not a single exchange All in, not to treat high APY as risk-free returns, and not to exile all household cash on the chain. https://www. (binance.com)/zh-CN/research/analysis/stablecoins-transforming-the-financial-landscape