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#稳定币创新与应用# Looking back at the stablecoin wars of 2018, I can't help but marvel at the current pace of innovation in the stablecoin space. The collaboration between Plasma and Aave to launch a dedicated institutional fund is undoubtedly an important milestone. It reminds me of the early days when USDT dominated the market, followed by the rise of projects like DAI and USDC. Each innovation propels the industry forward, but we must also be wary of potential risks. After all, history tells us that a balance must be struck between financial innovation and regulation. Will this new fund bring substantial changes to the global financial system? Time will tell. However, from Plasma's choice to collaborate with the well-established DeFi project Aave, it seems they have found a balance between stability and innovation. As a witness, I look forward to this collaboration injecting new vitality into the stablecoin ecosystem, while also hoping they learn from historical lessons and proceed with caution.