Is Binance's stablecoin race starting to cultivate bugs Why do I say it's worth paying attention to the rare stablecoin project @ UTechStables that has been recommended by Binance in both Chinese and English? I don't want to be a Riddler either, because I suspect that this project may be an important part of Binance's "raising bugs" on the stablecoin track. Old fans know that I have always been concerned about the downfall of Binance BUSD and its strategic layout in the stablecoin market. I have written more than one or two long articles about Binance's stablecoin strategy. In my opinion, the window period for stablecoins is closing, and there may be more institutional backed stablecoins in the future. However, the stablecoin landscape, such as USDC USDT, which has the opportunity to be widely adopted by the entire industry ecosystem, has basically solidified. But is Binance really willing to hand over such a large piece of cake that can be eaten lying down and is closely related to the potential of Pay in the future? Based on my understanding of Binance's regulatory nature, it is impossible. FDUSD is obviously already a child with cerebral palsy, wasting several years of time unable to support it, and TUSD has already been eliminated. Although USDe invested, the majority was not their own and almost caused a big problem. So I have been waiting for Binance to settle down, but after waiting for several months, I realized that what I was waiting for was the previous policy support for USD1, which is why I wrote last week's article - "Has Binance's Stable Coin Cart Started Again Portal: https://(x.com)/BroLeonAus/status/1999643649458712808? s=20 But in reality, I am not very satisfied. Without him, USD1 has its own shortcomings, such as the liquidation threat that everyone is worried about after Trump steps down. And the operation and revenue are not in the hands of Binance itself. The benefits of doing well are limited, and if not done well, we can only work in a hurry. So when I occasionally discovered @ UTechStables on the 13th (I should be one of the earliest KOLs to discover this project on the entire network), I suddenly had an inspiration - wouldn't Binance want to cultivate a bug on stablecoins? Then, three days later, the Binance official suddenly launched a push, coupled with the immediate attention of CZ and Sun Ge, which made my speculation move towards confirmation. Of course, whether this final guess is correct still needs more puzzle pieces to be gradually perfected, such as whether @ yzilabs has invested in @ UTechStables? Who will be the members of this team? To what extent will Binance provide support for this stablecoin? But I can feel that perhaps the next wave of opportunities, no less than USD1 narrative, is on the way. Indeed, there is not much time left for Binance. If it wants to catch up with the last wave of stablecoin tickets, the best way is to eliminate the fittest and let the strongest one come out quickly. Let's see, is my sense of smell right.