The Concept of Stablecoins and Their Future Prospects

Based on the author’s study and research in the virtual currency course at Columbia University’s Pre-College Summer Program, combined with discussions with American virtual currency experts, this paper systematically analyzes the definition, operating mechanisms, types, regulatory policies, application scenarios, potential risks, future development, and relationship with the US dollar of stablecoins. The article uses ten core questions as the main thread, comprehensively exploring the position and prospects of stablecoins in the global digital financial landscape, aiming to provide readers with a panoramic understanding from concept to trend.