The countdown for altcoins $USDC has begun
Once the beautiful country's stock market is fully tokenized, compliant stocks will be able to circulate and trade on the chain, and those altcoins that rely on empty promises and storytelling will basically be packed up and shown the door.
COIN is doing this, making on-chain securities mainstream. Many recently IPO'd stocks have a market value of only a few tens of millions or a couple of hundred million, which is not much different from small-cap coins for retail investors—but at least they are regulatory compliant and have real business operations.
Altcoins vs. On-chain US Stocks: one relies on faith, the other on financial statements; it is self-evident who has a better market.