Do We Really Need So Many Stablecoins? 🤔
The stablecoin market is getting crowded. With new entrants like USD1 backed by Trump-affiliated World Liberty Financial, it raises an important question: How many stablecoins do we actually need?
Tether (USDT) dominates the space with a $13 billion profit last year, while Circle’s USDC and others fight for market share. Now, Wall Street and politicians are jumping in, signaling a shift from crypto-native dominance to institutional control.
With regulatory frameworks like the Genius Act coming into play, the future of stablecoins is uncertain. Will a single "official" stablecoin emerge, or will competition drive innovation and decentralization?
What do you think? Are we headed toward a monopoly, or is there room for more players? Let’s discuss.
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. Always do your research before making any financial decisions.
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