The era of fierce competition among stablecoins Yesterday, we talked about how the stablecoin sector will enter a phase of intense competition in the future. Here's the core logic: 1. Stablecoins' convenience in payments, transfers, remittances, and settlements poses a significant challenge to traditional banking and payment services. Traditional banks and payment giants won't just sit back—they're bound to get involved. 2. It's hard to find another market with over 10x growth potential in the next 3-5 years. The current market size of USD stablecoins has already surpassed $250 billion. According to U.S. Treasury Secretary Janet Yellen's estimates, it could reach $2 trillion in the next few years. Citi's earlier report even projected stablecoins could hit $4 trillion by 2030. With such massive growth potential, who wouldn't be tempted? 3. New players entering the space will make competition even fiercer. But for the current leaders—$USDT and $USDC—and of course the deeply backed $USD1, this isn't necessarily a bad thing. On one hand, they already have a leading edge, whether in trading and commerce or in payment transactions. But the most critical factor is that everyone is fighting for growth. The growth dividends haven't been fully tapped yet, and the stablecoin market is far from entering a phase of zero-sum competition. #Stablecoins #Crypto #Finance #Growth