# 稳定币市场竞争

#稳定币市场竞争 The Fed's move is very crucial. Reversing the restrictive policy statement from 2023 essentially expands the regulatory space for banks to participate in crypto activities—especially opening a case-by-case application channel for state-chartered banks that do not hold FDIC deposit insurance.
From an on-chain perspective, this directly impacts the supply side of stablecoins. Previously, banks were kept out, and the entities issuing stablecoins were mainly crypto-native institutions. Now, with policy easing, traditional financial institutions may become more proactive in entering this

#稳定币市场竞争 Seeing this move by Intuit, I can't help but say—this is the true inflection point for stablecoins!
Think about it, TurboTax and QuickBooks serve over 100 million users, handling billions of dollars in transactions every year. These platforms are already essential to Americans' daily lives, and now they directly embed USDC's payment capabilities, making Web3's complexity virtually invisible to users—just as natural as using WeChat Pay.
What does this mean? Stablecoins are moving from "crypto circle self-indulgence" to mainstream application scenarios. Faster tax refunds, lower corpor

#稳定币市场竞争 JPMorgan has moved JPM Coin to Base, and this signal is very clear — traditional finance is truly starting to embrace public blockchains. The stablecoin market is becoming interesting now, not only with veteran players like USDT and USDC, but also with bank-issued permissioned tokens aiming to share the pie.
Here's the key point: JPM Coin is a whitelist-based token primarily used for inter-institutional collateral and margin settlements. What does this mean? On-chain cash tools will become more diverse, and counterparties will have more options. At the same time, EquiLend is investin

#稳定币市场竞争 Seeing the Federal Reserve's recent policy adjustment, a familiar feeling arose in my mind. When the "Strong Opposition to Presumption" was released in 2023, I thought to myself, no matter how tightly this door is closed, it cannot stop the march of history. Today's retraction is less of a sudden shift and more of regulators finally acknowledging reality—the understanding of crypto within the financial system is evolving, and the banking sector's demand is genuine.
I still remember the prosperity of 2017 and the subsequent winter, when the concept of stablecoins was just beginning to

#稳定币市场竞争 I've been reading news about stablecoins recently, and I'm a bit confused but also very excited 🤔 Coinbase and SoFi are both launching their own stablecoins. It feels like big companies are really competing in this space?
I used to think stablecoins were just stablecoins, but I found out there are quite big differences. Coinbase's custom stablecoin can be cross-chain interoperable and connect to a global distribution network; SoFi's is the first issued by a U.S. national bank, directly backed 1:1 by Federal Reserve cash, which sounds super secure. Plus, Circle's CEO said that stable

#稳定币市场竞争 Seeing Tether launch the PearPass tool, I have to say—this is something that should have been done a long time ago.
Over the years on the chain, I’ve seen too many people suffer severe losses due to poor password management. Traditional cloud password managers sound secure, but in reality, they just put all your eggs in one basket. As soon as the server gets attacked, the entire account system is compromised. Several experienced players I know have been burned this way.
PearPass uses end-to-end encryption and P2P synchronization, keeping data entirely local. This approach is indeed s

#稳定币市场竞争 Seeing the recent news in the stablecoin sector, I have some thoughts I’d like to share with everyone.
The Circle CEO mentioned that stablecoins will experience an "explosion" in 2026, and CZ also pointed out that the industry is still in its early stages. These viewpoints all point to the same phenomenon—the stablecoin market is far from saturated. But what I want to say is that market enthusiasm often clouds our judgment.
Currently, mainstream stablecoins like USDT and USDC are quite mature but lack attractive yields. New generation stablecoin products are emerging, some with limit

#稳定币市场竞争 Tether's recent moves are interesting. PearPass, this tool seems to be a security product, but I see clearly the logic behind it—the competition in the stablecoin ecosystem has reached the infrastructure level.
Previously, USDT's advantage was its high efficiency through centralization. Now, as it begins to deploy decentralized security tools, it indicates that USDT is also on the defensive. The approach in the entire stablecoin track has changed; it's no longer just about liquidity and backing but about the completeness of the ecosystem.
This offers an insight for copy trading strat

#稳定币市场竞争 Intuit integrates USDC? Now stablecoins are really getting interesting 🔥
What does the entry of big players mean? Everyone understands, right? 100 million users, billions of dollars in circulation, products like TurboTax and QuickBooks directly bring stablecoins into mainstream financial scenarios. This is not a small-scale move; it’s a slap in the face to USDT, which is starting to fall behind in the real payment war.
This is where USDC’s advantage lies—Circle has the backing of the mainstream financial sector, and now even established software giants like Intuit are signing multi-

#稳定币市场竞争 USDH this drama is finally coming to an end, Native Markets has taken the issuance rights with overwhelming advantage. I have to say, their strategy is clever - using half of the reserve interest for HYPE buybacks and the other half for ecological construction, this model of "returning profits to the community and valuing the ecology" is indeed attractive. Although some question the fairness of the bidding process, from the perspective of the trading platform, choosing Native Markets seems to be a wise decision. Their deep cultivation of the Hyperliquid ecology and strong team lineup