Where is River's market positioning? The landscape of stablecoins has pretty much solidified: ※ USDT has maximized its scale through the speed and flexibility of a centralized team. ※ USDC follows a compliance route, deeply tied to the U.S. financial system. ※ DAI started as a decentralized experiment and is now gradually shifting towards RWA, essentially linking its yield to U.S. Treasury rates. ※ Frax uses a hybrid model, half algorithmic and half collateralized, with flexible gameplay. In this environment, River's approach is quite unique; it is positioned in cross-chain abstraction! Originally called Satoshi Protocol, it primarily targeted the BTC ecosystem, aiming to create a Bitcoin-native stablecoin. After upgrading to River, it expanded its vision, no longer focusing solely on BTC, but transforming into a multi-chain system that uses satUSD to facilitate the flow of funds between different chains! Compared to giants like Binance and Circle, River's approach is very...
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