Why is TRON able to monopolize half of the stablecoin in a highly competitive market? In the past few days, I have seen everyone discussing a problem, that is, Tether wants to issue its own public chain, which seems to be exclusive for transfer and payment, and some people will think about a question, so TRON's stablecoin ecology is so important, will Tether's action be threatened? My answer is: no, at least not in the short term, to talk about this question, we can first take a look at the current status of TRON's stablecoin ecosystem? As can be seen from the figure, TRC20-USDT issuance accounts for the largest proportion, and we can say that TRON accounts for more than half of the USDT issuance, trading, transfer, and usage scenarios of the entire chain. Objectively speaking, I think the advantages of TRON lie in three points. 1/ First-mover advantage, in 2018, neither the popular Solaan nor BNB Chain had yet to be born, and the public chain that was born at that time was dead, and TRON was one of the few that has persisted until now and even surpassed Ethereum's ecology in some aspects. 2/ Cost advantage, when TRON was first born, the Ethereum ecological transfer interaction was very expensive, and the handling fee for transferring a USDT may cost more than a dozen dollars or even dozens of dollars, while TRON's low network fees and interaction speed quickly seized a part of the market, and has been developing to become larger and larger today. 3/ Advantages of landing scenarios, many people may not know Ethereum, but they know TRC20 and TRON, this is the mainstream market occupied by TRON, many users who only use TRON as a means of payment do not speculate on cryptocurrencies, just because it is convenient and safe enough to pay and receive stablecoins in TRON. So in fact, we can see that many public chains, even if there are extremely low network fees, even if there is no gas for stablecoin transfers, it is useless, and the conclusion we can draw from here is 1/ The user base of the ecosystem is not the core reason for seizing the market 2/ The transfer and payment fees of the ecosystem are not the core reasons for seizing the market 3/ If this part of the user wants to use the new ecology and learn new payment and transfer methods, in order to save some handling fees, it is very difficult, and the cost of education and market is huge This is my opinion, Tether's public chain may have prospects, but it must not be the status of the TRON stablecoin ecosystem, and perhaps more and more shares of the small ecosystem will be eaten by the two giants in the future. @justinsuntron #TRONEcoStar