According to BlockBeats, Cathay Securities Research published a report analyzing the stablecoin market, pointing out six major misconceptions. Misconception 1: The value of stablecoins is not absolutely stable and is affected by technical decoupling risks and fluctuations in the underlying assets.
Misconception 2: Not all fiat currencies can issue stablecoins in large quantities; development depends on the acceptance of fiat currency. Misconception 3: USD stablecoins will not weaken the credit of the dollar; rather, they reinforce its status and have a significant impact on the currencies of other countries.
Misconception 4: USD stablecoins have a small impact on the US Treasury market, only slightly alleviating short-term debt pressure. Misconception 5: USD stablecoins will not significantly increase the supply of dollars; the Federal Reserve can still regulate liquidity.
Misconception 6: Stablecoins provide limited support for the RWA market; development depends on the quality of underlying assets, which are still in the early stages.
