Stablecoin Dynamics and Research

USDT has achieved a growth of over 30 million users for the eighth consecutive quarter.

Trust, scale, and global distribution capability are the keys to success or failure.

Revealing the new and old logic behind high returns for you.

The actual stablecoin payment volume each year is approximately $390 billion, accounting for about 0.02% of the total global payment volume.

With the standardization of stablecoin technology, although token issuance seems to have become "commoditized," the real competitive barriers have shifted to aspects such as compliance reputation, liquidity depth, and distribution channels. This allows issuers to maintain irreplaceable differentiated pricing power when facing different types of buyers.

Although blockchain data shows that the trading volume of stablecoins is huge, most of it does not represent real-world payments.

Without a banking system, stablecoins cannot operate.

Today, stablecoins are also facing the same fragmentation issue. The solution may be similar to what Visa did fifty years ago.

The Game of Competition, Efficiency, and Financial Inclusion

If the banking industry's lobbying ultimately succeeds and the provision to completely ban interest payments on stablecoins is written into the "Crypto Market Structure Bill," the crypto industry will suffer a heavy blow.