币界网报道：The $250 billion stablecoin market must implement real-time audits and transparency measures to prevent future crises, according to industry experts. Following the collapse of TerraUSD (UST) in 2022, which wiped out $40 billion in value, stablecoin issuers are under increasing pressure to demonstrate robust reserve backing. Circle and Tether, the two largest stablecoin providers, currently publish monthly attestations, but critics argue these lag behind real-time market movements. Emerging solutions like Chainlink's Proof of Reserve and MakerDAO's real-world asset monitoring aim to provide continuous verification of collateral. Regulators globally are tightening oversight, with the EU's MiCA framework requiring stablecoin issuers to hold 1:1 reserves and provide detailed reporting. Analysts warn that without proper auditing mechanisms, the next stablecoin failure could trigger broader financial instability given the sector's rapid growth and integration with traditional finance systems.