[Study Times Publishes Article 'The Technical Principles and Trust Logic of Stablecoins': Stablecoins Gradually Integrating into the Mainstream Financial System] Golden Finance reports that the Study Times, a publication hosted by the Central Party School, published an article titled 'The Technical Principles and Trust Logic of Stablecoins.' The article states: 'Against the backdrop of digital finance accelerating its penetration into the global trade system, cryptocurrencies represented by Bitcoin and Ethereum have garnered widespread attention. However, due to their significant price volatility, they are unsuitable for mainstream payment functions. Stablecoins, represented by Tether (USDT) and USD Coin (USDC), establish a pegging mechanism with fiat currencies. This not only retains the advantages of blockchain-based payments, such as high efficiency and low cost, but also avoids the instability and other disadvantages of traditional cryptocurrencies. As a result, stablecoins have become a focal point of current digital financial innovation. Recently, related laws and regulatory frameworks introduced in regions such as the United States, the European Union, and Hong Kong have laid a compliance foundation for the development of stablecoins. Stablecoins are increasingly favored by global compliant investors and are gradually integrating into the mainstream financial system.'