📌 Issuing stablecoins is easy, but using them is difficult

🟠 1️⃣ Issuing coins is easy, but using them is not easy
Ranked first#USDT , it seems very stable, but historically it has also experienced several large-scale doubts and panics. When USDT's exchange rate dropped to 7 yuan, it even fell to over 5 yuan at one point. It is evident that issuing coins is easy, but truly reassuring use is not simple.

🟠 2️⃣ USDC has limited uses
#USDC Ranked second, currently the biggest scenario is still in financial management at Coinbase. Compare: Tether made $14 billion in a year, while Circle only made $140 million, a difference of 99%! The issuance volume might not differ much, but USDT's profits are almost entirely controlled by itself, while Circle spends 90% of its revenue to buy trading positions.

📌 Trends of issuing stablecoins

🟠 3️⃣ US-listed companies also want to play
Many listed companies want to issue stablecoins; if it's just for stock trading, that's fine, and the cost of applying for a license is not high. If stocks rise by 30%, that’s enough to attract them to try.

🟠 4️⃣ Everyone wants to build their own chain
Stablecoin manufacturers want to have their own independent chains. My teacher had planned to use USDT to create a chain back in 2022. At that time, everyone thought it was cool, but no one was willing to invest, and the plan fell through. Now Tether and Circle are both starting to create chains.

📌 The benefits of stablecoin chains

🟠 5️⃣ Summary of on-chain gameplay

  • DEX native trading pairs are /USDT, prices are stable and reliable

  • USDT holders can participate in nodes to earn gas

  • USDT itself cannot authorize as a gas coin, making it harder to steal (unless the private key is leaked)

📌 Possibility of big players entering the market

🟠 6️⃣ Apple, Google, and even Meituan might issue stablecoins
Imagine Meituan issuing a chain supporting a stablecoin for the Chinese yuan, where tens of millions of riders receive their salaries in stablecoins, directly forming a massive ecosystem. The same goes for Apple, as developers could use Apple's stablecoin to top up payments in Apple Pay.

🟠 7️⃣ Stablecoin companies seize opportunities from big players
Companies like Tether and Circle, if they establish cooperation before big players enter the market, like Apple handing cash to Circle to issue stablecoins, then the issuance of USDC could instantly surpass USDT, and stock prices would naturally soar.

📌 Entry strategies for new players

🟠 8️⃣ New players must find other breakthroughs
Opportunities are not so obvious anymore; to enter the market, one must take a different path.

🟠 9️⃣ Countries might also participate
If China issues a US dollar stablecoin, occupying 90% of the market share, it would be equivalent to participating in US minting, but understanding this is not easy.

🟠 🔟 Stablecoins are a boundary game between sovereignty and commerce
Stablecoins are destined to be a chaotic battle, not just a business issue, but also involving sovereignty. Breaking through the commercial level means players may reach higher tiers.

📌 Imagine extreme situations

🟠 1️⃣1️⃣ A god-like existence will change the rules
Just like the sudden appearance of an atomic bomb during the cold weapon era, everything will instantly be different.

🟠 1️⃣2️⃣ Step by step, Tether will reign
If everything goes according to plan, Tether will eventually become a top global enterprise. Based on Circle's price-to-earnings ratio, Tether's valuation could reach $6 trillion, surpassing Nvidia!

🟠 1️⃣3️⃣ The issuance volume of USDT is just a matter of time
From 150 billion to 1.5 trillion, it is entirely a matter of time, but can Apple still sell 10 times as many phones?

🟠 1️⃣4️⃣ If big players don't understand
That's okay; they may not have done anything wrong, but the market landscape might have already changed hands.

📌 The most profitable business

🟠 1️⃣5️⃣ Printing money? That's the basics
What's more profitable than printing money is digital money printing, and what's even more powerful is using someone else's credit to print your own money; the risks are others', and the profits are yours.

🟠 1️⃣6️⃣ This is the charm of stablecoins
Stablecoins are not just coins; they are a game about credit, technology, and strategy.