rick awsb ($people, $people)
rick awsb ($people, $people)
USDC-0.03%
USDT+0.98%
There is a detail that everyone may not have noticed, which is that Tether will establish a subsidiary in the United States to issue a fully compliant new U, but it is not the original USDT. This indicates that Tether wants to capture the fully compliant market while not giving up on the overseas market outside of regulation (gray market). It can be imagined that USDC will definitely leverage its existing compliance and 100% reserve advantages, as well as its relationship with Wall Street, to quickly build institutional-level trust (USDC has over 70% market share in the U.S.). Competing for the high ground of liquidity, institutional liquidity. The higher the liquidity, the lower the trading slippage, which can attract large funds and increase liquidity. Domestic USDC, overseas USDT. The dual structure of U is vaguely visible. Next, when the fully regulated U establishes a foothold, what do you think the members of Congress holding USDC daddy Coinbase's money will do? If more bills are passed, which side will they lean towards? So, the reason why USDC is said to be the biggest beneficiary of this bill is precisely this.
Gallery 1
rick awsb ($people, $people)
rick awsb ($people, $people)
The Stablecoin Genius Act is set to be voted on in the Senate as early as tomorrow (Wednesday). Behind every bill that makes it through, there are a bunch of silent investors pouring in money. Let's remember these capitalists who are driving the decentralized crypto movement.
@Vivian193299
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