Yesterday I saw Circle partnering with @ okx, and in the future, they can directly exchange USDC and USD on OKx. If they can also support direct bank transfers in the future, Kraken's business will be taken away again. Today, we saw Ant Financial announcing its partnership with @ circle. As a result of this news, CRCL's pre-market price has risen to 208 yuan. I checked Blooberg's paid original text and it says: This move marks the first time that one of China's largest fintech companies has introduced US dollar stablecoins into its international payment network. The cooperation aims to improve transaction efficiency and transparency by incorporating USDC into Ant's cross-border payment ecosystem. This integration is expected to be gradually launched in Ant's global partner network by the end of 2025. Ant Group also emphasized its commitment to compliance and technological innovation to meet the global demand for efficient and secure payment solutions. This cooperation may have a profound impact on the global payment industry, promoting the integration of stablecoins in mainstream financial systems. ” I have heard from other colleagues in the industry before that Ant Financial and JD.com are the main forces promoting stablecoins, especially RMB stablecoins, in China. The adoption of USDC this time is indeed a natural thing. But now that Circle's attack is so fierce, it is becoming increasingly difficult for other stablecoins to catch up. Once multinational trade giants adopt USDC to form a network effect, it will not be easy to make changes. The window period left by the track is getting shorter and shorter, is USD1 going to start making efforts?