Golden Finance reported that the U.S. Financial Stability Oversight Council (FSOC) released its annual report yesterday, which pointed out that stablecoins continue to pose potential risks to financial stability, as they are highly susceptible to runs in the absence of proper risk management standards. The FSOC stated that the stablecoin market is highly concentrated, with one company holding about 70% of the total market value of stablecoins in the industry. Although the FSOC did not specify which company it was, it warned that if the market dominance of 'that company' continues to expand, its failure could disrupt the cryptocurrency asset market and trigger a chain reaction in the traditional financial system. According to CoinMarketCap, the current total market value of stablecoins is approximately $205.48 billion, with Tether's market value at about $136.8 billion, accounting for approximately 66.3%.