[Castle Island Ventures partner: Stablecoins are the killer application of cryptocurrencies] Golden Finance reported that Castle Island Ventures partner Nic Carter said in an interview with Decrypt that the hostility of US regulators and their "desire to suppress the stablecoin market", It has driven the market share of domestic stablecoins in the United States (such as USDC) to decline sharply, and stablecoins outside the U.S. market are dominated by USDT. But Carter believes these stablecoins are the “killer app for cryptocurrencies,” explaining that stablecoins only account for 10% of the cryptocurrency industry’s total market share, but account for 70-80% of all settlement activity on public blockchains. .