Abstract

Over the past decade, stablecoins have grown from little-known experiments to a spotlight in global finance. From the 2022 collapse of algorithmic stablecoin TerraUSD (UST), which wiped out about $60 billion in market cap overnight, to the forced halt of Binance’s BUSD issuance in 2023 due to regulatory pressure, and even the high-profile launch of USD1, which the U.S. President Trump’s family created in early 2025 — these landmark events all point to one fact: stablecoins have become a hot intersection between the crypto world and traditional finance. Whether it’s Wall Street institutions, internet giants, or retail investors, everyone is watching the stablecoin track closely. Yet despite the hype, the barriers to entry remain high. Technical and compliance challenges prevent many from participating.

This article will analyze the driving forces and obstacles behind the current stablecoin boom from the perspectives of institutions, retail users, and on-chain innovation, exploring why many people have set their sights on stablecoins but have been slow to enter the market.

Table of Contents

I. Why Are Stablecoins So Popular?

• Explosive Market Growth
• Policy Driving Mainstream Adoption
• Public Enthusiasm & Knowledge Gap
• Payment Giants and Financial Institutions Are Rushing in

II. How Global Institutions Are Positioning in Stablecoins？

• JD Group: Cross-Border Payment Drivers
• JPMorgan (JPM Coin): Enterprise Liquidity Settlement
• PayPal (PYUSD): Consumer-Facing Applications
• Fintechs (Stripe, Revolut, etc.): Payment Bridges
• Cross-Border Pilots: Public-Private Collaboration
• Statements of Support from Executives of Major Banks

III. Those Who Want to Get Involved But Can’t: Barriers and Dilemmas

• High Technical Barriers, Costly Development
• Economic Model and Liquidity Challenges
• Difficulty Securing Financing and Supporting Liquidity
• Regulatory Pressure and Compliance Uncertainty
• Lack of Credit Backing, Trust Is Hard to Build
• UX Barriers, Cumbersome Onboarding

IV. BenFen Blockchain × Stablecoins: One-Click Issuance + Smooth UX

• Native One-Click Issuance
• Stablecoin for Gas Fees
• Seamless User Experience (UX)
• Security and Decentralization Guarantees

V. Final Thoughts: Observations from Bixin Ventures

I. Why Are Stablecoins So Popular?

As crypto assets pegged to fiat currencies and other values, stablecoins have become the bridge between traditional finance and blockchain economies. Their rise in recent years is reflected in multiple dimensions:

Explosive Market Growth

• Active address growth: The number of stablecoin users and transaction volume has seen explosive growth. Active stablecoin wallet addresses climbed from 19.6 million in Feb 2024 to 41 million in Aug 2025, with an annual growth rate of over 100% (source: Artemis).
• Supply surge: In the same period, global stablecoin supply rose from about 138 billion US dollars to 275 billion US dollars, achieving a year-on-year growth of 99%.

• Transaction volume surpassing giants: Since Sep 2024, daily stablecoin transaction volume has consistently surpassed Visa’s channel volumes, even peaking at $5.1 trillion at one point.

These figures show that whether in exchanges, DeFi, or payments, stablecoins are gaining unprecedented penetration and influence.

Policy Driving Mainstream Adoption

The rapid follow-up of regulations in various countries has laid the foundation for the legal and compliant development of stablecoins.

• U.S.: In Jul 2025, the GENIUS Act was signed, mandating that only federally insured depository institutions can issue payment stablecoins. They must maintain 100% reserves, provide monthly disclosures, undergo annual audits, and adhere to strict KYC/AML compliance.
• Hong Kong: In May 2025, the Legislative Council passed the Stablecoin Ordinance, requiring HKMA licenses, 1:1 fully backed reserves in high-quality assets, robust redemption mechanisms, and periodic audits.
• EU: MiCA (Markets in Crypto-Assets Regulation) came into effect in late 2024, imposing capital adequacy, liquidity, and disclosure requirements on issuers.

Major global financial centers have successively expressed their stance on stablecoins, and compliance is driving stablecoins from the gray area to mainstream finance.

Public Enthusiasm & Knowledge Gap

Google Trends shows a surge in searches like “how to buy stablecoins” and “stablecoin yields,” but almost none for “how to issue a stablecoin” over the past year. This contrast highlights a strong demand for usage, but little understanding of creation, fuelling industry calls for lowering issuance barriers.

Payment Giants and Financial Institutions Are Rushing in

Faced with the high efficiency and low-cost advantages demonstrated by stablecoins, traditional payment networks and internet financial platforms have rushed to test them, viewing stablecoins as an opportunity to upgrade the global payment system. Research by the BIS (Bank for International Settlements) shows that if stablecoins are used for cross-border payments, speed can improve by two orders of magnitude and costs can be reduced by over 90%. This makes stablecoins a potential solution to the “slow and expensive” pain points of international remittances. In recent years, Visa and Mastercard have both announced plans to support stablecoin settlements: Visa has piloted accepting USDC and other stablecoins for settling funds of some issuing banks within its global settlement network. At the same time, Mastercard has launched an end-to-end stablecoin payment solution, preparing to integrate compliant stablecoins into its merchant network. Payment service provider Stripe has offered USDC payment options for content creators since 2022, enabling instant global micropayments, and e-commerce platform Shopify has cooperated to support users in settling goods payments with stablecoins. Notably, PayPal has not only issued its own USD stablecoin, PYUSD, but in 2025, it also announced it would provide an annualized 3.7% yield incentive for PYUSD holders, encouraging them to hold and use stablecoins in PayPal and Venmo wallets. These initiatives reflect that traditional payment giants increasingly regard stablecoins as a critical component of the next-generation payment rails: on the one hand, leveraging stablecoins to achieve cross-border fund transfers within seconds, and the cost of handling fees is only one-tenth of that of SWIFT wire transfers; on the other hand, using stablecoins to tap into additional growth in the crypto payment market. In conclusion, from Internet giants to bank payment networks, stablecoins are increasingly being treated as the “financial infrastructure” of the digital age, which has greatly boosted the industry’s popularity.

In summary, whether it is the rapidly expanding user base and trading volume, the gradually clearer regulatory environment, or the public’s high interest and the embrace of mainstream institutions, the combination of multiple factors has made stablecoins one of the hottest topics in the current crypto field. Behind the popularity of stablecoins lies the huge potential they have demonstrated as digital cash as a value anchor in connecting tradition with innovation.

II. How Global Institutions Are Positioning in Stablecoins？

Stablecoins have a promising future, and leading institutions have long been eager to enter this field through various strategies. From tech giants to Wall Street banks, they have all launched their own stablecoin projects or cooperative plans in an effort to take the lead in this new type of financial infrastructure.

The following are the layouts of several typical types of institutions:

JD Group: Cross-Border Payment Drivers

Subsidiary JD Technology entered HKMA’s sandbox with plans to issue Jcoin (HKD-pegged) for trade and e-commerce settlements to significantly reduce cross-border payment costs, enhance settlement efficiency, and, at the same time, explore offshore RMB stablecoins to promote the internationalization of the RMB.

JPMorgan (JPM Coin): Enterprise Liquidity Settlement

JPM Coin was launched in 2019 and is mainly used for instant fund transfers between institutional clients, based on the Quorum consortium chain. It processes an average of about 1 to 2 billion US dollars per day and has become an important infrastructure for large enterprises’ liquidity management and cross-border clearing.

PayPal (PYUSD): Consumer-Facing Applications

PayPal launched PYUSD in 2023, collaborating with Paxos to issue US dollar stablecoins, which have been integrated into PayPal and Venmo wallets. Starting from 2025, it will offer a 3.7% holding return, focusing on payment, settlement, and fund management scenarios for small and medium-sized merchants and freelancers.

Fintechs (Stripe, Revolut, etc.): Payment Bridges

Stripe offers USDC collection services for creators, while Revolut is developing multi-currency stablecoins to reduce remittance and exchange costs. Both represent typical cases of emerging Fintech expanding the global payment market with stablecoins.

Cross-Border Pilots: Public-Private Collaboration

mBridge, led by BIS, Project Agorá, and Canton Network, composed of investment banks and technology companies, promotes the joint construction of an on-chain clearing network by central banks, commercial banks, and financial institutions, and explores the compliant application of stablecoins in cross-border payments and financial markets.

Statements of Support from Executives of Major Banks

The attitude of large financial institutions towards stablecoins has also shifted from observation to action. Several banks disclosed their stablecoin plans during earnings calls: Citigroup said it is studying the possibility of issuing “Citigroup stablecoins”; Bank of America has also been reported to have internally incubated US dollar stablecoins for corporate customer payment settlements. The CEO of JPMorgan Chase admitted that banks will participate in the competition driven by customer demand. Standard Chartered Bank not only joined the sandbox test of stablecoins in Hong Kong, but also collaborated with Singapore’s StraitsX to provide custody and cash management services for the new currency and US dollar stablecoins it issued. Even asset management giant BlackRock has indirectly entered the stablecoin field by taking a stake in Circle and cooperating with Coinbase. It can be said that, from banks to payment systems, from e-commerce to social media, various institutions are forming an encirclement to enter the stablecoin race. Their entry not only brings substantial capital and a solid user base but also empowers the stablecoin ecosystem in terms of compliance, security, and global networking. This is also the reason why stablecoins are developing at such a rapid pace at present. With the endorsement of giants, stablecoins are moving from grassroots innovation to a new stage of mainstream adoption.

III. Those Who Want to Get Involved But Can’t: Barriers and Dilemmas

Although the giants are making rapid progress in the stablecoin field, on the other hand, a large number of small and medium-sized players (individual developers, start-up teams, small and medium-sized enterprises, and even traditional industry enterprises) are facing numerous difficulties in entering the market. They recognized the opportunities and potential of stablecoins, but often struggled to participate due to various thresholds.

Below, we have sorted out several common obstacles that prevent such potential participants:

High Technical Barriers, Costly Development

Launching a stablecoin project is by no means a simple endeavor. The inherent complexities of blockchain development present significant barriers to entry for most teams, requiring specialized expertise in smart contracts, security audits, cross-chain interoperability, and other technical domains. According to estimates from blockchain development consulting firms, the cost of developing and deploying a stablecoin contract from scratch — including supporting wallet infrastructure, backend systems, and web interfaces — ranges from $30,000 to $50,000 at minimum, with more sophisticated implementations reaching up to $500,000. These costs vary based on team composition, functional complexity, and compliance requirements, representing a substantial financial commitment for small-scale startups.

Moreover, security audits constitute an indispensable component of the process, with each audit typically costing between $10,000 and $100,000. To mitigate the risk of cyberattacks, many projects also invest in smart contract insurance, incurring annual premiums ranging from several thousand to tens of thousands of dollars. Conservatively estimated, security-related expenditures often account for 20%–30% of a project’s initial budget. Beyond these upfront costs, ongoing operational demands necessitate continuous code upgrades and iterations to counter emerging hacking techniques.

These substantial financial and technical prerequisites frequently relegate promising ideas to the conceptual stage, where many individuals or small teams, despite possessing creativity and enthusiasm, thus abandon their initiatives after confronting the daunting budgetary and technological requirements.

Economic Model and Liquidity Challenges

The success of a stablecoin project is not only dependent on programming, but also on the underlying financial engineering. To issue an anchored currency, a careful design of the collateral mechanism or algorithmic adjustment mechanism is necessary to ensure the stability of the currency value. In the event of significant market fluctuations and large-scale redemptions by users, the system must have contingency plans to avoid a death spiral. This means that small teams must possess the ability to model economic models and conduct stress tests, simulating whether the stablecoin can maintain its anchoring in various extreme scenarios. For example, the collapse of Terra UST serves as a cautionary tale: algorithmic stablecoins lacking asset support can collapse instantly during a confidence crisis, with their market value evaporating by tens of billions of dollars in just a few days. However, many start-up projects often overlook the importance of models, merely achieving a “1:1 anchoring” on the technical level and not delving into the stability after scaling up. A user in the crypto community put it succinctly: “Writing code and issuing coins is technically simple… The hard part is how to expand to a billion-dollar scale and how to redeem each dollar back at that time.” In other words, small teams may be able to develop a functioning stablecoin contract, but they are likely unable to withstand the tests of the real market. On the other hand, stablecoin projects often face a liquidity trap in their early stages: without sufficient funds for market-making and providing depth, stablecoins struggle to maintain their circulating value and exchange stability; yet no one is willing to provide liquidity, let alone financial support. This chicken-and-egg dilemma leaves the prices and anchoring mechanisms of many small projects ineffective without trading volume. Once someone sells, the stablecoin may suddenly deviate from its anchoring but be unable to regulate it, leading to a credit collapse.

Difficulty Securing Financing and Supporting Liquidity

Stablecoin projects also face the commercial challenge of attracting investment. Unlike typical application startups, stablecoins are capital-intensive: not only do they burn through funds during the R&D phase, but they also require substantial reserves during operations to provide liquidity and handle redemptions. Consequently, small teams often seek venture capital (VC) investment or loans from market makers to expand their funding pools. However, the harsh reality is that most investment institutions are not interested in stablecoin startups. As analyst Anthony DeMartino points out, even if small projects offer attractive annualized interest rates of 40%, it is difficult to obtain market-making funds. Venture capitalists, focused on returns exceeding 10x, are unimpressed by mere interest rates of a few tens of percentage points. Market makers also face high capital costs, often with an opportunity cost of around 20% for their own capital. Furthermore, considering the risk premium, few are willing to lend at a fixed rate to a stablecoin project with an uncertain future. He describes many such startups as “going into battle with toy knives,” severely underequipped to challenge well-funded incumbent stablecoin giants. The results are predictable. Many founders are repeatedly asked during fundraising roadshows: “How big is your liquidity pool? Where is your community? Do you have enough marketing budget?” In the end, they often fail to provide convincing figures and are turned down. As one entrepreneur lamented at a forum: “Without capital for market making and marketing, without a user community and a strong team, the success rate is very low.” Lack of financing and insufficient capital generation quickly leads small stablecoin projects into a vicious cycle: lack of funds, lack of users, inability to build credibility, and finally, more lack of funds, ultimately forcing them to abandon their projects. (Source:medium.com/@anthonydemartino)

Regulatory Pressure and Compliance Uncertainty

The previous text mentioned that various major jurisdictions have successively issued clear regulations for stablecoins. This poses a significant challenge for small teams. In the United States, stablecoin issuers must be regulated financial institutions; in Europe, registered electronic money institutions must be registered and meet capital requirements; in Hong Kong, applications must be submitted, and there must be legal auditing… Just preparing compliance documents and procedures alone can overwhelm a group of developers. Obtaining a license is not only lengthy, complex, and costly. For example, setting up a regulated trust company in the United States often requires millions of dollars in capital and a professional legal team to handle the application. In Hong Kong, obtaining a stablecoin license also requires meeting strict shareholder qualifications and risk management requirements. Some regions (such as Canada) even treat stablecoins as securities, making the project face cumbersome registration and disclosure obligations under securities laws. For small projects with limited budgets, they either choose to take a risky path by circumventing regulations (which is prone to being halted or penalized) or simply give up due to the lack of compliance. The differences in regional regulations also leave teams at a loss — go to the United States, but fear violating federal laws; go to Southeast Asia, but there is a lack of clear definition; go to Europe, but MiCA requires setting up an entity in the EU, undergoing auditing, and producing a white paper, which is beyond the reach of most startups in a short period of time. As a result, many ideas remain underground and dare not be truly launched to the market, fearing that as soon as they go live, they will run into legal violations. The uncertainty of compliance makes ordinary people feel that entering the stablecoin field is “full of pitfalls”, with no clear path to begin.

Lack of Credit Backing, Trust is Hard to Build

Stablecoins serve as value anchors, and credit is of utmost importance. However, small teams often lack the credibility needed to gain public trust. First, regarding the team background: Many small project teams are anonymous or semi-anonymous, lacking any well-known professional experience, let alone the backing of large institutions. Users struggle to convert their real money into tokens issued by an unfamiliar team. On community forums, it is common to see reminders: Check if the project team has an openly disclosed company entity? Who is the person in charge? Has it undergone auditing? Is the code repository active? Many small stablecoins, upon investigation, lack introductions of team members, GitHub is rarely updated for a long time, and social media is sporadic. This naturally raises doubts in potential users. Additionally, transparency is also an issue — mainstream stablecoins like USDC regularly disclose proof of reserve assets, while small projects often cannot afford auditing fees. Even if they claim a 1:1 reserve, users have no way to verify. This leads to a trust black box: People don’t know if you are “printing money out of thin air” to fleece investors. Once doubts arise, without a credible third party to prove innocence, small stablecoins are prone to a run crisis. It can be said that in the trust-based stablecoin sector, new entrants are naturally at a disadvantage: they lack a brand, regulation, and large financial backing. Why should users trust your token to remain stable and payable? This trust deficit makes many potential users “wait and see rather than act”.

UX Barriers, Cumbersome Onboarding

Even if technical and financial issues are resolved, small teams often overlook the importance of user experience. In the current multi-chain ecosystem, users often encounter numerous obstacles when using stablecoins: for instance, to use a certain stablecoin on Ethereum, one must first have the native Ethereum token ETH as gas; to use it on BSC, one needs to prepare BNB to pay the transaction fee. New users are often confused: “I want to issue or use stablecoins, but I’m also required to buy another currency to pay the transaction fee.” In addition, switching networks between different chains, adding contract addresses, calculating slippage fees, etc., are extremely unfriendly for non-professional users. Even in the community, there is a topic tag “#GasInUSD”, reflecting the strong desire of users to directly pay the gas on the chain with USD stablecoins. However, the reality is that most public chains do not support this experience. Many small teams have issued new stablecoins, but they have not provided corresponding wallets and user-friendly tools. Users need to navigate through multiple exchanges and bridges to obtain and use these tokens. This fragmented experience often leads to users giving up on their first attempt due to errors or finding it too troublesome. For example, one team reflected that on the first day of their launch, they lost a large number of potential users because many new users got stuck in not being able to switch RPC networks, or a single exchange rate conversion failed due to a large slippage, and ultimately left disappointed. The complex threshold operations have inadvertently kept many ordinary people interested in stablecoins out.

In conclusion, these real-world challenges constitute the profile of many groups who are eager to join the stablecoin trend but have been unable to find an entry point: there are developers who want to innovate, entrepreneurs who embrace new finance, small and medium-sized enterprises seeking cost reduction and efficiency improvement, as well as ordinary merchants expecting digital asset payments… They see opportunities in stablecoins, but are hindered by a lack of funds, technology, compliance paths, trust endorsements, and useful tools, leaving them to stand on the shore and wait. Their voices might be: “The prospects of stablecoins are very attractive. I don’t want to miss out, but how exactly can I participate? Who can help me cross those thresholds?” These pain points are precisely what lead to the key point of the next section: Is there a solution that can pave the way for these hesitant people?

IV.BenFen Blockchain × Stablecoins: One-Click Issuance + Smooth UX

From the perspective of investment and infrastructure development, lowering the threshold for the issuance and use of stablecoins is the key to future market expansion. We have noticed that the BenFen blockchain attempts to address several types of pain points most commonly encountered by small and medium-sized teams and new users in its design:

Native One-Click Issuance

On the BenFen blockchain, any authorized user can issue their own stablecoins just like filling out a form. The platform offers a user-friendly interface: Users simply select the type of collateral asset they want to anchor (such as USD, gold, or other compliant assets), input the desired issuance quantity, and click the “Mint” button. In just a few seconds, the corresponding stablecoin tokens will be generated. The entire process does not require writing smart contract code, deploying complex protocols by oneself, or paying high auditing fees — the technical risks are guarded by the Move smart contract security model at BenFen’s underlying layer. The contract templates have undergone strict auditing and long-term operation verification, allowing issuers to enjoy the security of “out of the box” without having to reinvent the wheel. It can be said that BenFen has reduced the technical threshold for stablecoin issuance to nearly zero cost: the development investment has decreased from tens of thousands of dollars to a few dollars of gas fees, and the time has been shortened from several months to a few minutes. For project owners without a development team, the one-click issuance tool provided by BenFen is undoubtedly revolutionary. This means that whether it is a merchant with cross-border payment needs or an innovative entrepreneurial team, they can easily create their own stablecoins to serve specific communities or business scenarios without worrying about technical bottlenecks.

Stablecoin for Gas Fees

BenFen is well aware of the long-standing gas payment experience issues that have plagued users. Therefore, it has made a breakthrough at the architectural level, allowing the direct use of stablecoins to pay for the on-chain transaction fees. On the BenFen public chain, stablecoins are no longer merely a medium of exchange; they can also be used to pay for the fees for operations on the chain. For example, when users transfer funds or invoke contracts on the BenFen chain, they can directly use stablecoins such as BUSD or BJPY to pay for the gas, without having to hold the native governance coins of the BenFen chain. This design completely eliminates the cumbersome process for new users when using dApps, where “they have to first buy a bunch of chain coins to pay for gas”. What’s more convenient is that the average transaction fee on BenFen is extremely low, approximately only 0.05 US dollars, much lower than the gas costs of 0.3–0.5 US dollars on Ethereum/BSC. To optimize the user experience for newcomers, BenFen even supports the gas proxy payment function: project owners or third parties can provide fee sponsorship for users’ transactions, and users do not need to pay gas when using the designated application. This series of improvements means that in the BenFen ecosystem, whether it is new users who are first exposed to blockchain or veterans who have crossed over from other chains, they can enjoy the smooth experience of “stablecoins as fuel” on the chain. Here, stablecoins truly become the universal value carrier on the chain — both as the principal for transactions and as the fuel for the network. Users can ignore the complicated conversion process and use stablecoins directly to navigate various scenarios on the chain, just like spending US dollars on internet applications.

Seamless User Experience (UX)

In order to further lower the usage threshold of Web3, BenFen has also made great efforts in wallet and payment experience, striving to make it “as simple as traditional applications”. First of all, BenFen supports the zkLoginsocial login solution: Users can directly register their blockchain wallet accounts with their mobile phone numbers, email addresses, or social accounts, and no longer need to memorize complex mnemonic phrases or private keys. This greatly simplifies the process for ordinary users and reduces the loss of assets due to poor management of private keys. Secondly, around stablecoin payments, BenFen provides a complete social payment function: for example, through the BenPay app, one can achieve mobile number transfers, friend red envelopes, QR code payments, etc. Merchants can generate payment receipts to accept stablecoin payments from customers, and users can also send red envelopes and AA payments as they do with WeChat/PayPal. Still, in essence, the stablecoin transfer is completed on the blockchain. Additionally, BenFen integrates an in-built cross-chain bridge, supporting cross-chain exchange of mainstream assets, and users can conveniently exchange USDT/USDC on Ethereum or TRON for BUSD and other stablecoins on the BenFen chain. The entire operation process has been meticulously refined to be simple and intuitive: users do not need to understand any on-chain terminology, and a few clicks can complete operations such as wallet creation, coin deposit, and transfer. For developers, BenFen also provides rich SDKs, allowing them to easily build friendly front-end applications. In BenFen’s view, as a “stable value responsibility” in digital currencies, stablecoins should be accompanied by a usage experience comparable to Web2 in order to truly reach the general public.

Security and Decentralization Guarantees

While lowering the threshold, BenFen has not compromised on its commitment to security and decentralization. The underlying layer uses the Move smart contract language, and its resource types and linear logic naturally avoid some common vulnerabilities (such as re-entry attacks), providing strong type security guarantees for stablecoin contracts. Additionally, BenFen combines the DAG + BFT consensus mechanism to build a high-performance chain. The single-chain TPS achieves tens of thousands of confirmations, with a confirmation time of less than 1 second. The DAG parallel bookkeeping ensures high throughput, while the BFT consensus ensures finality and resistance to forks. The network fault tolerance rate reaches the industry-leading level. In actual operation, the BenFen mainnet has an availability rate of 99.99% since its launch, and no downtime or rollback due to consensus issues has occurred. This is crucial for stablecoin applications involving funds, as users can be assured of the reliability of the system. At the same time, BenFen takes into account the needs of different scenarios and supports flexible identity modes: users can either choose to participate in decentralized transactions with anonymous addresses or complete KYC to obtain regulated permissions to access specific compliant applications or fiat currency deposit and withdrawal channels. At the network level, multiple authoritative institutions jointly maintain verification nodes to prevent malicious actions by a single party and ensure the decentralization and anti-censorship attributes of the entire chain. In summary, BenFen pursues “stability” — both reflected in the commitment to the value of stablecoins and the safe and stable operation of the system. Through the innovation of underlying technical architecture, the BenFen chain creates a secure, efficient, and trustworthy environment for stablecoin issuance and use, lowering the threshold while maintaining trust.

Through the design of the above four aspects, BenFen chain aims to build a “stablecoin infrastructure accessible to everyone”. Here, the project team does not need to be proficient in programming, nor does it require a large amount of capital, nor does it need to worry about complex operations on-chain. As long as there are legal and compliant assets and clear application scenarios, BenFen can help the project team issue stablecoins with one click and provide friendly payment and management tools. This undoubtedly provides new opportunity windows for countless potential participants who were previously excluded. Just as the name “BenFen” implies: doing things in a down-to-earth manner, returning to the essence of financial services — allowing more people to equally enjoy the benefits of stablecoins and blockchain innovation.

V. Final Thoughts: Observations from Bixin Ventures

As a long-term investment institution focusing on blockchain infrastructure, Bixin Ventures holds the core judgment in the stablecoin sector that compliance and usability will be the key variables driving the next wave of adoption.

Today, stablecoins have become an asset class that both institutions and retail investors are paying attention to. However, the vast majority of potential participants still face multiple obstacles, such as contract development, compliance qualifications, liquidity, and user experience. Projects like BenFen aim to encapsulate complex processes at the underlying layer through technology and product design, enabling more small and medium-sized teams, as well as ordinary users, to enter the stablecoin world with a low threshold.

From our perspective:

• For developers, it means faster experimentation and iteration.
• For small and medium-sized enterprises, it provides feasible cross-border payment and settlement tools.
• For investors, it is an early exploration of the “popularization layer” of the stablecoin ecosystem.

We understand that the future landscape of stablecoins will not be determined by a single project, but will be shaped by compliance policies, institutional participation, and infrastructure evolution. The current positioning of BenFen is more about filling the “neglected gaps” and helping those groups that originally lacked resources find the path to enter the stablecoin world.

Therefore, we believe that attempts like BenFen are worthy of attention and continuous observation. Whether it can become an important piece in the stablecoin ecosystem will need to be verified by the market and time.