The memorandum of understanding between #稳定币发行与生态 WLFI and MMA is worth noting, with the core focus on the ecological integration pathway of the stablecoin USD1. From an on-chain perspective, this collaboration involves several key dimensions:

**Token Economic Model Design**—Deep collaboration between both parties on token architecture and on-chain economic models, directly related to the liquidity expectations and long-term sustainability of the MMA.INC token. Attention should be paid to the stablecoin reserve design, which determines the actual application scenarios of USD1 within the sports ecosystem.

**Ecological Infrastructure Positioning**—Positioning USD1 as the foundational layer of the MMA on-chain ecosystem means that the stablecoin supports the payment needs of the sports industry chain. From a capital flow perspective, this type of application ecosystem has a continuous demand for stablecoins, but the scale depends on actual transaction volume rather than white paper promises.

**Market Promotion and Governance**—The memorandum explicitly covers joint marketing efforts and ecosystem governance, indicating that this is not only about technical integration but also involves user growth expectations. Subsequent observation of the actual onboarding pace of fans and athletes will be a key signal to assess the true activity level of the ecosystem.

The Web3 transformation of the sports industry is an ongoing story, but the effectiveness of stablecoins within vertical ecosystems depends on the participation of trading counterparts. It is recommended to monitor subsequent on-chain address activity data of MMA and the inflow and outflow of USD1, which can better reflect the project's progress than the collaboration news itself.