From OUSD to the Mainstream of Stable Coin Payments Just now I saw the news that Korean companies have turned against the trend, which is not surprising. There have been too many examples of this in the cryptocurrency industry before. Do you want to pretend to be a big shot and attract more people to support the show. The effect has indeed been achieved, haha. However, this news is helpful in easing market sentiment towards the OUSD alliance, especially in fixing the CRCL coin price. Previously, it was easy for people to imagine the challenger's situation too perfectly and the landing too easily when the news came out. However, when we look back, we will realize that it is not easy to defeat USDC, after all, it has been so many years. This time the stick came out to slap the face is probably just the beginning, and it's also a straightforward boy. There must be many other companies in a similar situation. So I opened some long orders for CRCL, took a short-term approach, and waited until the US stock market opened to see. ~~~~~~~~~~ But this news does not affect my previous judgment. In the long run, I still feel that the challenge to Circle is real. Actually, it doesn't matter what the companies behind the camp think. The leading ones are the real players in this game, and whether they can succeed or not is the key. Everything else is just a matter of making up numbers. If they develop well, they will definitely jump on the bandwagon. I have worked in the payment industry for a few years before, and those who are not in this industry may not have a deep impression of @ Stripe, the true leader of OUSD. This thing will generate $1.9 trillion in revenue by 2025, accounting for 1.6% of global GDP. Online trading (e-commerce/SaaS/subscription) and other fields are dominant, and almost all mainstream technology companies in the US stock market use it. But I think its real strength lies in its very fast growth rate, which only took a decade to do. In the high-end and innovative level of "collecting money online", it has almost no competitors. PayPal used to offer stablecoins, but I thought they couldn't do it a long time ago because they were too old and couldn't keep up with the trend of the times. PayPal's market share largely relies on consumer accounts on the C-end and established e-commerce platforms. To put it bluntly, it is lying on the inheritance and waiting to die. Later on, PYUSD's performance also confirmed my speculation, as it didn't come up with anything except for subsidized interest, which made me lose money for several months. But before OUSD, @ trip did a lot of things, such as acquiring stablecoin infrastructure Bridge for $1.1 billion, acquiring cryptocurrency wallet Privy, and incubating payment chain Tempo with Paradigm at a valuation of $5 billion. They really consider stablecoins as a strategy in their layout. So my previous post that Stripe was the mastermind behind it made me feel like they had a chance to succeed. ~~~~~~~~~~~~ Anyway， I think the stablecoin race is definitely not over yet. As long as OUSD starts, there are at least two major factions to watch Including other financial giants before BlackRock (who may also create their own) And the offline payment camp, such as Square, Toast, Fisvev and other players who specialize in stores, are the source of ordinary people's entry into stablecoins. In Melbourne, almost over 80% of street shops use Square's terminals, while Tyro is very tough in restaurants and clinics, with the four major Australian banks dominating the acquiring markets of large merchants. As stablecoin payments gradually become popular from online to offline, it is highly likely that within five years after the implementation of the Genius Act, mainstream populations in developed countries around the world will begin to truly use stablecoin payments. That is a super huge cake that will change people's daily lives. It's still early now.