#稳定币市场扩张 The list of winners in the crypto world for 2025 has been announced, and the results are quite interesting. Stablecoins and prediction markets have become the biggest winners, with Tether's average profit being ridiculously high, and Polymarket is no longer synonymous with "election gambling." Even more heartbreaking is that veteran players like Robinhood have long seen through the trend; as soon as regulations become clear, they act immediately. This is what you call "where the hockey puck is going, just go there."

The negative examples are also quite typical. Do Kwon was sentenced to 15 years in prison for the Terra collapse, directly becoming a warning light for the industry. The SEC also faced criticism; tough enforcement has driven entrepreneurs abroad. But the good news is that in the new year, the government's attitude is shifting, and the GENIUS stablecoin bill has been passed.

It now seems that genuinely valuable things are making money, rather than pure speculation. This kind of differentiation is actually quite healthy for the market.