Welcome to 2025. It’s hot outside, cold on the Internet, and in the crypto world — a revolution that was promised back in 2017 is here now, with a new hairstyle and a tie. Stablecoins are no longer just digital bucks. They are geopolitical weapons, corporate chewing gum, and crypto-anarchy in one package.
Get ready. The 'battle of hundreds of coins' has begun, where the most compatible with tax and party policies will survive, not the most honest.
Scene one: USDT — the king of offshore.
USDT — like that caterpillar from 'Alice in Wonderland': always smoking something but still responsible for trillions of dollars in turnover.
— 'Who are you to ask where my reserves are?' — this is how every interview with Tether's CTO sounds.
While officials in the US tremble at the thought of someone in Malaysia buying Bitcoin without them, Tether rules on Binance, pretending everything is fair. And it works! Why? Because no one wants compliance when there's a 500% profit at stake.
Scene two: USDC — a lackey for regulators.
If USDC were a person — it would fly to Washington on a scooter, eat broccoli, and say 'compliance is sexy'.
Circle is what you get when the Fed decides: 'Let's make a digital dollar, but let others do it, and we’ll just check the licenses 600 times.'
USDC — law-abiding, neat, even Visa is friends with it. But alas: it doesn’t bring in income. But you can show it to your parents. Or the IRS.
Scene three: Web2 versus Web3 — chicken broth versus shot of whiskey.
JD.com is launching a stablecoin in HKD.
Sounds like a headline from 2030, but it's already happening. Regional giants in Asia are creating 'local stables' to keep their yuan from flowing to Miami for yachts.
Yes, because when the dollar wins — it’s not globalization. It’s the 'siphon effect'. A siphon is when all the money gets sucked into one funnel. Now imagine that funnel is Wall Street. Bon appétit.
Meanwhile, Web3 teams are sitting in Discord saying:
'How about we make a stablecoin that gives 20% per year, and let's say it's 'neutral'?'
USDe from Ethena, BitFi, USDy, eUSD — these things already work, yield interest, and are not interested in the SEC's opinion. How? Cleverly. They hedge with derivatives, call interest 'dynamic fees,' and hide under DeFi protocols.
Scene four: Stables under cover.
The world has seen:
• CBDC — this is Big Brother with an app.
• USDC — a decent girl from a Catholic school.
• USDT — a smuggler in shorts.
• And decentralized stables — they are James Bond, but on smart contracts.
Want stability and 10% per year? Welcome to Ethena.
Love Bitcoin but want dollars? Here’s BitFi, wrapped in Lightning.
Want an audit? Take USDC.
Want freedom? Don’t forget your VPN.
Final: The Crypto Iceberg.
Official coins on top, shining on CoinMarketCap.
Gray and dark stables — down below, where the real life happens.
And in this chaos, as always, those who know where to find income and how to hide the keys win.
