There is a detail that you may not have noticed yet, which is that Teda will establish a branch in the United States to issue a fully compliant new U, but not the original USDT This indicates that Teda not only wants to seize the fully compliant market, but also does not want to give up on overseas markets outside of regulation (grey industry) It can be imagined that USDC will definitely leverage its existing compliance and 100% reserve advantages, as well as its relationship with Wall Street, to quickly build institutional level trust (USDC's domestic market share in the United States exceeds 70%). Competing for the high ground of liquidity, institutional liquidity. The higher the liquidity, the lower the trading slippage, which can attract large funds and increase liquidity. Domestic USDC, overseas USDT. The dual headed pattern of u is faintly visible. Next, when the fully regulated U stands firm, guess what the gentlemen of Congress who hold the money from USDC dad Coinbase will do? If more bills are passed, who will be favored? So, that's why USDC is the biggest beneficiary of this bill.