If this license is implemented, although USD1 will not challenge USDT, it will significantly widen the gap with other stablecoins. Looking back at the development of USD1, our impression is that this stablecoin thief can cause trouble and market, but now we find that it used to be a superstructure In terms of CEX subsidies for interest, expansion scenarios, and the recent UFC, these may just be means, with the ultimate goal of obtaining dividends from the US Emperor's financial power structure. There is that layer of relationship, but you have to do it Just like a big family, you can leverage the power of your family, but you have to work hard, prove your abilities through killing, gain recognition from your family, and finally receive their full support If USD1 obtains a federal trust charter, it will no longer just borrow someone else's system to operate, but will begin to have its own federal regulatory identity in the United States. This will bring about an extremely important thing, which is compliance credit, which is the question of "dare not use". In many core scenarios, people dare to access USD1 on a large scale In one sentence, USDT is the encrypted US dollar, USDC is the compliant US dollar, and USD1 wants to be a political and financial US dollar