The news that @ tether is going to develop a compliant stablecoin today is quite explosive, as it's about to grab the job of USDC. The stablecoin market may not seem like its ranking has settled, but in fact, it is currently the peak period of consolidation. In the future, Tether will adopt a dual track strategy of "domestic USAT+overseas USDT": USDT (Global Market): Continue to dominate the offshore market with a supply of $189.68 billion Maintain the existing global payment and transaction infrastructure Gradually approaching GENIUS Act compliance standards USAT (US market): Specially designed for US institutions and compliance needs Seize the potential market share of Circle USDC Provide compliance entry points for traditional financial institutions When someone uses USDT to scare the market with thunderstorms in the future, it is estimated that not many people will believe it. I just checked the stablecoin data on Defilima, and it seems that @ USDC has indeed had a tough time. In the past 7 days, there has been an outflow of over 4 billion US dollars, while during the same period, USD1 has flowed in 1.5 billion, an increase of 43%. If Circle compliance was the biggest barrier between it and other native stablecoins before, now compliance has become one of the important reasons why it has been squeezed. Because regulations are deterministic, both @ worldlibertyfi and @ tetra can achieve compliance as long as they are willing to invest time, effort, and cost. Especially recently, Wlfi has stimulated the market through a series of measures such as interest subsidies, which not only comply with regulations but also provide money. What else do you need for bicycles? Now the stock price of Crcl has fallen by more than 50% from its high of 159. Yesterday, Mu Mu Jie's fund also reduced its holdings by nearly 200000 shares. After the news came out today, holders are expected to feel even more uncomfortable. The next two years should be the last window period for the stablecoin market. Now we hope that the stablecoin war will last longer and be more intense, so that retail investors can also follow suit.