Intense Competition in the Stablecoin Market: Compliance and Innovation Progressing Together
The stablecoin market is undergoing profound changes. USDT continues to maintain its dominant position, but compliant stablecoins like USDC and PYUSD are experiencing rapid growth. Recent regulatory trends indicate that major economies are accelerating the legislative process for stablecoins, which could reshape the market landscape. In terms of technological innovation, smart contract stablecoins and algorithmic stablecoin projects are also actively exploring new development directions. Market analysts predict that the stablecoin market may undergo a reshuffle in the next two years, with projects that possess strong compliance capabilities and technological innovation standing out.