Paolo, the CEO of Tether, dropped a key stat: transactions from USDT's largest sender account for less than 5% of the total volume, while for other stablecoins, this figure is close to 25%. One is highly decentralized, the other highly concentrated. What’s the hidden story here? --- @paoloardoino’s concept of the 'people’s digital dollar' is reflected in this data. The more decentralized the usage, the stronger the resistance to single-point control or censorship, and the closer it is to the essence of 'money.' But to be honest, USDT’s issuer is still centralized, and that’s an unavoidable topic. --- Here’s another set of data: Fear & Greed Index at 12 (Extreme Fear), yet the total stablecoin supply remains high at $311B. The market is trembling, but the 'ammo' is plentiful. It seems contradictory, but it actually shows that big money is sitting on the sidelines holding stablecoins, or using them for daily settlements (like cross-border trade). So, whether a stablecoin is good or not isn’t just about market cap—it’s about whether it’s truly being 'used' and who controls it. USDT wins on the 'usage' front, but the shadow of centralized issuance lingers. So, whether a stablecoin is good or not isn’t just about market cap—it’s about whether it’s truly being 'used' and who controls it. USDT wins on the 'usage' front, but the shadow of centralized issuance lingers. #USDT #Stablecoin #Crypto