Shenchao TechFlow News, on June 19, according to China Economic Net, as the first share of stablecoin Ring Company (Circle) rose 168% on the first day of listing on the New York Stock Exchange, the stablecoin market continued to heat up and became the focus of attention of international investors. As of the end of May 2025, the total market value of stablecoins has reached about $250 billion, an increase of more than 1,100% in five years, of which Tether (USDT) accounts for more than 60%. Experts point out that stablecoins combine the transparency of cryptocurrencies with the price stability of fiat currencies, and have recently introduced clear regulatory measures in many places to promote market development. However, experts also warn that stablecoins still face uncertainties such as insufficient reserves, decoupling risks caused by large-scale redemptions, and high reliance on anchored asset liquidity and credit security, and investors need to remain vigilant.