A perfect win-win situation: Circle needs to continuously expand the USDC-denominated market and, more importantly, strengthen its deep integration with exchanges to secure USDC's use cases. OKX needs to be more friendly to institutions, European users, and funds that emphasize compliance/transparency, while also preparing for future developments in X Layer for payment, DeFi, institutional settlement, and comprehensive payment scenarios involving AI agents. The trend is clear: capturing market share in stricter regulatory environments like Europe. USDT faces restrictions under MiCA, making USDC a better fit as the default USD rail for institutional and compliant funds. In the future, USDT and USDC are destined for two distinct use cases!