PANews releases the "2025 Global Stablecoin Industry Development Report": USD stablecoins account for 99% of the market, and USDC is expected to surpass USDT by 2030. The year 2025 is a crucial year in the development of stablecoins. In this year, stablecoins not only set records in market size and trading activity, but regulatory policies and capital interest are also accelerating. A type of asset that originally originated as a "safe haven" tool within the crypto market is gradually moving towards the forefront of global payments, cross-border trade, DeFi infrastructure, and even sovereign credit. The "2025 Global Stablecoin Industry Development Report" jointly released by PANews and Mobile Payment Network points out that stablecoins have become one of the most critical infrastructures connecting traditional finance and the crypto world, and are changing the global financial operating landscape. The report tracks and analyzes the overall stablecoin industry, combining on-chain transaction data, policy developments, and industry evolution paths, systematically sorting and analyzing from six dimensions: development history, market structure, application scenarios, global regulation, development potential, and potential risks. (The full report can be downloaded at the end of the article.)