OpenUSD is a true Libra dollar version For Circle, we basically cut the bottom line There are three factions of stablecoins in the cryptocurrency circle: positive USDC, decentralized USDS/DAI, and wild USDT; The weakest part of the moat is USDC Previously, the regulation was unclear, but I was able to handle it calmly, holding a tradefi in my hand, eating crypto in my mouth, and looking at the agent payment; Perfect regulatory arbitrage But even though USDC offers a significant 70% discount, the growth of coinage in the past few years has been sluggish Actually, Circle has enough time to make corrections, but it's too exclusive. Interest is not divided, equity is not divided, and coin issuance is also not divided Now, with the real tradfi regular army, regulatory barriers cleared, channels and funds brought in, profits and fields divided, Circle's so-called moat is completely gone, and OpenUSD is just an appetizer In the cryptocurrency industry, the Wall Riders are the most miserable. When regulatory arbitrage disappears, it is directly a result of competitors blowing dry and causing decay; On the contrary, the philosophical faction of CROPS like Ethereum is abstract and vague enough, and its moat is so high that others cannot learn it The success of USDT has always relied on its surface active compliance and actual core practice of CROPS philosophy, running wildly all the way