Stablecoins don't have high issuance thresholds under friendly regulations. The true stablecoin is the psychological high ground hidden in people's hearts. USDT and USDC will always be the most deeply rooted in people's minds over the next three years. Quote: Plasma goes from 10 to 100, even doing just 50% still scores 50 points. Projects on completely different levels are not comparable at all. What Plasma needs most is to enable CEX support for deposits and withdrawals after the mainnet launch. USDT's only real competitor is USDC, while USD1 is just a temporary sparring partner during its term.