☄️FN Breaking the Circle: Is the Crypto Industry Entering the Mainstream? Top Blogger "Xiao Lin Says" Reaches 5 Million Views in One Day

A video titled "Understanding Stablecoins in One Go" recently released by well-known financial science UP master "Xiao Lin Says" on mainstream platforms such as YouTube, Bilibili, Douyin, and Toutiao has gone viral, exceeding "five million" views within 24 hours of its launch.

This is the first time that content from the crypto space has entered the public eye with a professional and neutral stance, unfolding the background, significance, and related laws of stablecoins layer by layer, allowing more users to understand the mysteries in the form of popular science.

🧐Let's review the summary of the key points of Xiao Lin Says' video content:

1⃣USD stablecoins still dominate, but value is concentrated at the "access" end

In 2024, the trading volume of stablecoins exceeded the annual payment volume of Visa and Mastercard for the first time. Although the current mainstream USD-pegged stablecoins (such as $USDT, $USDC) use USD or US Treasury bonds as reserve assets, their actual commercial value is mainly concentrated in the distribution link. In 2024 alone, Circle paid Coinbase channel distribution fees of up to 900 million USD, accounting for 54% of its total revenue. This data clearly shows the distribution characteristics of the industry value chain: the real commercial dominance is in the hands of platforms with user access capabilities.

2⃣Compliance Becomes a Watershed in the Industry, Bringing a "Trust Premium"

The video points out that the negative impressions of early cryptocurrencies being associated with money laundering and excessive speculation are becoming key obstacles to mainstream acceptance. In this regard, Circle's compliance practices provide a successful model—successfully entering the mainstream US financial market. With the advancement of the Talent Act, the Hong Kong Stablecoin Ordinance, and the Mica EU Act, this "compliance premium" is reshaping the industry's competitive landscape.

3⃣What Stablecoins Represent Behind the Scenes is a Geopolitical Financial Game

The video points out that the US's regulatory attitude towards stablecoins is essentially an extension of the USD hegemony in the digital age. This game-playing situation has led to the entry of traditional financial institutions: banks are worried about the encroachment of payment and settlement businesses, and technology giants covet the financial infrastructure dividend. It is especially worth noting that regulators still strictly limit stablecoins to the payment field and remain highly vigilant about their derivative financial services. This policy orientation will continue to affect the industry's evolution path.

The significance of this breaking-the-circle video lies precisely in providing us with a rare "external perspective"—through the feedback of 5,000,000 ordinary viewers and the high-frequency keywords in the comment area, we can see the mainstream market's true understanding and expectations of the crypto industry—compliance anxiety and doubts about practicality.

In Xiao Lin Says' video, the compliance of exchanges and the security of user assets occupy an important part, and @okxchinese is specifically mentioned in this section. This is because, for ordinary users, the core concern about cryptocurrencies is not "whether they can make a profit" but "whether the funds are safe." In the video's comment section, a large number of messages from non-crypto users also reflect concerns about regulatory compliance, fund security, and the risk of "Ponzi schemes." These concerns are precisely the thresholds that the industry must cross to gain widespread acceptance.

Let's follow Xiao Lin Says to see how people outside the crypto space "view" the security of crypto user assets and stablecoins:
https://t.co/SZzPyVwbHK