Just now, while checking Tether information, I found that the USDT issued on Torn has risen to the first position, surpassing 75.7 billion USD, leading by 1.2 billion USD over the second place, Ethereum. It's important to note that the total issuance of USDT by Tether is 151.2 billion USD, which means that the quantity of stablecoins on Torn exceeds 50% of the total USDT issuance.

Previously, this position was always held by Ethereum, and I didn’t notice when Torn’s USDT quantity became so high. I originally thought that after the transaction fees increased on TRC20, the number of users would decline, but unexpectedly, it not only didn’t decline but actually rose to the first position.

Recently, the United States has been working on the compliance of stablecoin demand, and both parties are discussing stablecoin legislation. Even the Trump family is issuing stablecoins, and USDC is collaborating with Binance. From various signs, it is likely to be a year of explosion for stablecoins, so more compliant stablecoins will probably run on that chain, which should be a battleground for major public chains.

Currently, USDT is already heavily present on Tron, while the largest issuance of USDC is on Ethereum, with less than 40 billion USD. In addition, there is some on Solana, but the issuance is still less than one-third of Ethereum’s, so we can see that the current stablecoin competition is most likely still between Torn and Ethereum.

Considering Trump’s nature as a businessman, if Justin continues to spend money to hire a consultant (USD1 is issued by World Liberty Financial, and Justin is actually a consultant for WLFI), it could really get interesting.