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📊@USDT0_to supply is at ~$1.23 billion. One potential impact of USDT0 -- an interoperable version of USDT, powered by @LayerZero_Core's OFT standard -- is that it will strengthen @ethereum's role as an asset hub. Mint USDT on Ethereum -> convert to USDT0 -> access USDT everywhere
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Is the stablecoin market sector for startups? The stablecoin sector had a lot of 'market risk' a few years ago, but today mostly 'execution risk'. Where can startups compete against well-resourced incumbents? Market = will there be demand at all? Execution = can my team win?
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🕖 Past & present: @ethereum and @trondao continue to dominate the present of stablecoins. 🔮 Future: But can they compete against high-performance chains, like @Aptos, when onchain use of stablecoins continues to grow?
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🥉 Stablecoins are the 3rd best cryptoasset. The total stablecoin market cap needs a ~40% increase to overtake ETH. For reference, the total stablecoin market cap is up ~17% YTD.
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Circle doubles down on transaction-based business models with CCTP (bridge) and CPN (payments network). If successful, @circle's overall business could become less dependent on interest rates & distribution partners (yield or revenue sharing).
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