Stablecoins have done a good job in solving asset liquidity, but there is a key issue that is often overlooked—the user acquisition barrier.

The real challenge is not about moving funds, but about identity verification and building user trust. When you see some projects innovating in the identity layer, you'll realize how big the market gap is. Stablecoins are popular, but new users still face difficult issues like identity authentication and risk assessment.

After solving payment convenience, the next step is to address trust and access. Only when both levels are managed can the true potential of Web3 be unleashed.