SEC's new policy On-chain stock market As the on-chain USD, the compliant USDC's market share will expand to the trillion-dollar level. Compliance clears the field—those who don't qualify are out. USDT's scale will lag far behind. As for the competition with new stablecoins, from an entrepreneur's perspective, how are you going to beat CIRCLE, which has been in the game for years and is stronger than you in terms of licenses, team, and resources?