OUSD+ excluding Russell 1000 Growth +BTC continues to fall

Stablecoins, are the ghost stories at the bottom also emerging?

The stablecoin industry is a vast blue ocean. Besides Tether CRCL, now there are numerous players vying for dominance, looking formidable at first glance, but in reality, each harbors their own schemes and hopes their teammates will do the heavy lifting.

In the future, those who can survive, the top two or even three in market share, will likely start with a market cap of several hundred billion US dollars.

Besides compliance and globalization, giants in this field also need a strong ecosystem network and reputation.

Now, to give an inappropriate example, it's a bit like electric vehicles many years ago. Tesla showed everyone and made them believe in this industry trend, but in the end, only a few remained at the table. Those who bought Tesla during the chaotic period were playing a game with odds of tens to hundreds of times, a game of going to zero or starting with tenfold returns. (Not investment advice)