Stablecoins and the payment sector are in a chaotic battle, marking the start of the third payment war! Traditional financial giants are rushing in, but which Web3 projects are the strongest players? Background: Today, the U.S. Senate will hold a critical procedural vote on the "Guiding and Enabling Innovation in U.S. Stablecoins Act" (GENIUS Act). If passed, the stablecoin industry will welcome its first clear federal regulatory framework. Here is the stablecoin market cap ranking (from CoinMarket): 1⃣ USDT, $149.5 billion; 2⃣ USDC, $60.9 billion; 3⃣ DAI, $5.3 billion; 4⃣ USDe, $4.7 billion; (Ethena) 5⃣ USD1, $2.1 billion; (Trump) 6⃣ FDUSD, $1.5 billion; 7⃣ PYUSD, $870 million. (PayPal) Note: Other data shows USDS at $7.5 billion and sUSDS at $2.8 billion. The stablecoin reshuffle and the payment sector battle are happening simultaneously. Here are the key events: 1⃣ Payment service provider Stripe (holding 19.44% of the payment market) announced the launch of stablecoin financial accounts, allowing users and businesses to store stablecoins on Stripe and issue USDB; 2⃣ In April, Bank of America expressed its intention to issue its own stablecoin; 3⃣ In 2023, PayPal (holding 42.35% of the payment market) launched PYUSD; 4⃣ JD.com has entered the Hong Kong stablecoin sandbox testing phase; 5⃣ Futu Securities is internally testing support for USDT and USDC deposit transactions; 6⃣ Visa announced an investment in stablecoin payment infrastructure startup BVNK. From bank cards to electronic payments to stablecoins, this is the third generation of payment wars! As traditional enterprises make aggressive moves, can native Web3 projects resist? Which projects in this sector do you favor? #Stablecoins #PayFi