It feels like a summer of stablecoins:

Recently, Binance launched an on-chain wealth management activity, with 250 million USDT fixed for 60 days, in addition to a 2% return, you can also receive 1% in plasma tokens. Based on the over-the-counter price, the annualized return could exceed 50%. The limit for a single account is 100,000 U, and it was fully subscribed in less than an hour.

A few days ago, Circle also introduced USDC wealth management incentives, with a limit of 100,000 U per account, allowing for an additional 10% annualized return (for one month). It’s evident that the competition among stablecoins is quite fierce.

Recently, there have been several popular stablecoins: USDf, USD1, etc. One is invested by WLFI, and the other is WLFI's official stablecoin, currently with a market value of over 1 billion and 2 billion respectively. Stablecoins remain the main focus moving forward. #稳定币