#我的交易风格 Market Competition Intensifies

Key Competitors: USDT still dominates with a market capitalization of $153.3 billion, especially in non-compliant markets (such as the Middle East and Latin America) where it has greater penetration.

New Players Entering: Traditional financial institutions like PayPal and Standard Chartered are accelerating their layout of compliant stablecoins, which may divert USDC's market share.

Regulatory Uncertainty

The U.S. 'GENIUS Act' requires stablecoin issuers to meet higher liquidity standards, which may increase USDC's compliance costs.

The EU's MiCA Act, if it requires diversification of reserve assets (such as increasing the proportion of euros), could affect its operating model.

Centralization Controversy

USDC is controlled by a centralized institution, which conflicts with the decentralized concept of cryptocurrencies, leading some community users to prefer decentralized stablecoins like DAI.