Stablecoins will surpass a market capitalization of $300 billion in 2025, with annual trading volume exceeding $27 trillion, becoming an important financial infrastructure mainly used for cross-border payments and corporate treasury funds. As regulations and the GENIUS Act framework become clearer, major institutions like Visa and Mastercard are increasingly accepting and adopting them. However, due to excessive transparency on the blockchain, large-scale adoption by institutions is hindered, as fund flows could leak commercial secrets......

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