之前周期奏效的策略已经不再奏效了。某些板块表现优异，而大多数市场则落后。结果是回报与人们习惯期待的全面上涨📈存在巨大差距。

2025 年无疑是稳定币表现突出的一年，我们预计这一趋势将延续到 2026 年。但就本报告而言，稳定币的广泛应用远不止于 USDT/USDC 的增长或新稳定币发行机构的涌现。我们的观点是，稳定币在基础设施层面发挥着至关重要的作用，将传统金融与链上金融连接起来。

Friends, we did it! Starting today, Pickful officially supports one-click USDC payments on Base Mainnet! No sign-up, no pre-funding, no waiting — one signature, lifetime access.

Payments on the internet are fundamentally flawed. Credit Cards are high friction, hard to accept, have minimum payments that are far too high, and don't fit into the programmatic nature of the internet. It's time for an open, internet-native form of payments. A payment rail that doesn't have high minimums + % based fee. Payments that are amazing for humans and AI agents.

x402 协议是 Coinbase 推动的一项开放支付标准，旨在复兴 HTTP 402 “Payment Required”状态码，结合区块链技术和 AI 代理（agents）需求，构建一个支持微支付和按需付费的互联网支付框架。