I. Core Concepts: 1. Origin: Stemming from the early demand in the crypto industry for stable pricing tools, it addresses the trading challenges caused by the high volatility of Bitcoin and others. 2. Definition: It is a cryptocurrency pegged to the value of fiat currency, with its core advantage being the ability to deeply integrate with DeFi and other blockchain projects. As traditional financial institutions venture into the RWA (Real World Assets) sector, stablecoins have made groundbreaking progress in payment and market applications. They not only serve as a pricing tool in the cryptocurrency market but are also gradually replacing the payment functions of traditional fiat currencies. 3. In terms of scope, stablecoins themselves are a form of RWA (Real World Assets on-chain)...