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代币化技术找到产品市场契合度(PMF)的第一个应用是稳定币,它将所有资产中最简单、流动性最强的资产——现金进行了代币化。稳定币的市值总额现在达到 1580 亿美元,其中 Tether(USDT)和 USDC 领跑(图表 1)。稳定币有多种形式,但 USDT 和 USDC 都可以被视为法币支持的稳定币。它们的操作方式类似于其他代币化资产:传统资产由链下托管机构持有,代币化表示可以在区块链钱包中持有。然后,这种形式的数字现金可以用于支付,从而受益于区块链几乎即时结算、更低成本和 / 或与智能合约交互的潜力。