The strategic direction of USD1, as described by WLFI's Co-founder, is primarily focused on payments rather than just trading and speculation. For example, addressing issues like high latency and high fees in cross-border payments, or serving as a store of value in countries with unstable currencies. After the Stablecoin Act was passed, the market generally believes that the next few years will usher in a boom period for stablecoin growth. Circle, which was once highly regarded by the market, now seems to have a moat that’s not as solid as it appeared. USDC initially had a certain first-mover advantage on-chain, with relatively well-developed infrastructure, which is one of the reasons many people were optimistic about it. However, from the current stage of Crypto development, the utilization of on-chain capital is nearing saturation. Many lending markets are starting to expand into RWA and institutional markets, and the incremental growth in DeFi scenarios is already very limited. Against this backdrop, in the real-world "payment sector," various stablecoins are almost on the same starting line, and strictly speaking, no single stablecoin has achieved a monopolistic advantage yet. A Binance incentive campaign for USD1 once caused its market cap to surge by over 40%, while the demand for dollar stablecoins in the real world far exceeds the native demand within Crypto by several orders of magnitude. Currently, this stablecoin war has not truly kicked off in the payment sector. As on-chain and off-chain payment integrations become increasingly mature, the landscape of stablecoins could undergo massive changes in the future.