宁凡
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These past few days have been dominated by the decoupling of $FDUSD, with Brother Sun spreading FUD about FDT on Twitter;
I still remember when I first got into the Web3 industry, everyone was using USDT. At that time, aside from the crypto world, private transactions were happening in all sorts of industries. Seeing this brings back a lot of memories, as the regulations in the crypto world have become stricter over the past two years, and everyone is paying attention to this direction.
Since the DeFi explosion in 2020, USDT has become an important stablecoin for trading on DEXs like Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for loans, the demand for USDT has surged; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.
The reason it's called a stablecoin is due to its anchoring standard. U is commonly used in foreign trade companies for cross-border transactions, avoiding traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from traditional banking systems, including high fees and remittance restrictions. By using U, companies can circumvent these limitations and conduct international transactions more flexibly. Moreover, some domestic companies also use U for settling salaries, and there’s no need to elaborate on the tax aspect...
Since 2023, U cards have been emerging one after another. During that time, they were constantly in the spotlight, with Visa cards from Onekey, Binance, and others available for daily consumption; in 2024, the introduction of spot Bitcoin ETFs will bring new capital flow, further expanding U's role in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.
Recently, some platforms have started supporting U for trading US stocks and Hong Kong stocks; for example, #Biyapay , under normal circumstances, we mainland users cannot buy US stocks. Opening an account in the US is very difficult; many brokerage websites for US stocks allow online account openings; entrusting a Hong Kong company to open an account is also very troublesome. Platforms like Biyapay allowing the use of U for buying and selling US and Hong Kong stocks are extremely convenient, even including the conversion of U from the crypto world.
Stablecoins in the crypto space have faced challenges such as compliance, market competition, and major crises over the past few years. In the future, as the crypto world becomes increasingly regulated, it may continue to expand more on-chain applications, enhance compliance, and fully realize new fields like real-world assets (RWA).
I still remember when I first got into the Web3 industry, everyone was using USDT. At that time, aside from the crypto world, private transactions were happening in all sorts of industries. Seeing this brings back a lot of memories, as the regulations in the crypto world have become stricter over the past two years, and everyone is paying attention to this direction.
Since the DeFi explosion in 2020, USDT has become an important stablecoin for trading on DEXs like Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for loans, the demand for USDT has surged; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.
The reason it's called a stablecoin is due to its anchoring standard. U is commonly used in foreign trade companies for cross-border transactions, avoiding traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from traditional banking systems, including high fees and remittance restrictions. By using U, companies can circumvent these limitations and conduct international transactions more flexibly. Moreover, some domestic companies also use U for settling salaries, and there’s no need to elaborate on the tax aspect...
Since 2023, U cards have been emerging one after another. During that time, they were constantly in the spotlight, with Visa cards from Onekey, Binance, and others available for daily consumption; in 2024, the introduction of spot Bitcoin ETFs will bring new capital flow, further expanding U's role in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.
Recently, some platforms have started supporting U for trading US stocks and Hong Kong stocks; for example, #Biyapay , under normal circumstances, we mainland users cannot buy US stocks. Opening an account in the US is very difficult; many brokerage websites for US stocks allow online account openings; entrusting a Hong Kong company to open an account is also very troublesome. Platforms like Biyapay allowing the use of U for buying and selling US and Hong Kong stocks are extremely convenient, even including the conversion of U from the crypto world.
Stablecoins in the crypto space have faced challenges such as compliance, market competition, and major crises over the past few years. In the future, as the crypto world becomes increasingly regulated, it may continue to expand more on-chain applications, enhance compliance, and fully realize new fields like real-world assets (RWA).
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