Dr. Xiao Feng, Chairman and CEO of HashKey Group, recently stated in an article on HashKey Group's official public account: "Stablecoins will become the starting point of the blockchain industry's second growth curve." He pointed out that the United States is consolidating the global status of the "tokenized dollar" through stablecoin legislation, shifting from the "petrodollar" to the "on-chain dollar," and emphasized that the legislation on stablecoins by the US and Hong Kong has elevated blockchain technology applications to a national-level technological competition. The industry inflection point has indeed arrived.