Bitcoin's ecosystem urgently needs a native stablecoin.

Introducing a stablecoin at the second layer could significantly increase transaction activity within the Bitcoin ecosystem, enhancing the velocity of money and invigorating the overall ecosystem. Additionally, both decentralized finance (DeFi) and centralized exchanges desperately require a reliable and transparent stable asset to enhance system stability and reduce dependence on the traditional banking system. There is currently a lack of globally accessible and censorship-resistant savings tools, and the crypto industry urgently needs a decentralized foundational currency asset. To establish a truly decentralized financial system, a stable asset that does not rely on the traditional banking system is necessary.

Enhancing DeFi Stability: Both decentralized finance and centralized exchanges urgently need a reliable and transparent stable asset to enhance system stability and reduce reliance on the traditional banking system. Such a stable asset can effectively cope with market fluctuations, providing a more reliable trading environment and promoting the healthy development of the financial ecosystem.

Lack of Globally Accessible and Censorship-Resistant Savings Tools: The cryptocurrency field needs a decentralized foundational currency asset, as there is a global lack of universally accessible and censorship-resistant savings tools. This foundational currency asset would provide people with a reliable way to save, unrestricted by geography and resistant to censorship or interference, thus offering greater financial autonomy and protection to users worldwide.

Increasing Activity in the Bitcoin Ecosystem: Introducing a stablecoin at the second layer could significantly increase transaction activity within the Bitcoin ecosystem, enhancing the velocity of money and thus the vitality and activity of the overall ecosystem. This would not only promote more transactions and usage but also accelerate transaction processing speeds and improve user experience, driving the continuous development of the Bitcoin ecosystem.

Eliminating the Necessity for the Traditional Financial System: Current stablecoins are entirely dependent on traditional banking infrastructure. To establish a truly decentralized financial system, a stable asset that does not rely on the traditional banking system is necessary. Such a stable asset would provide greater autonomy and independence for cryptocurrencies, promoting the development of decentralized finance and thus providing safer, more transparent financial services to users.