Understand the stablecoin war in 10 minutes: What are they fighting for? Who is at risk? Who benefits?

Original author：金钱与人性

Original source：https://www.youtube.com/embed/8Zw2Mn3V3MY

Why would a digital currency whose price is always close to $1 bring down banks, Wall Street, Visa, Mastercard, Coinbase and the U.S. government at the same time? Because what stablecoins compete for is never just a payment tool. What it is really fighting for is: who will keep ordinary people's money; who will earn the interest generated by these funds; who will control the entrance to future global payments; and who will be qualified to set the rules for the next generation of digital dollars. This video uses the simplest way to help you understand the interest relationships between USDT, USDC, Open USD, Coinbase, Circle, Visa, Mastercard and Bank of America. Why is USDT like a market merchant who went overseas to do business very early? Why is USDC more like a decent businessman trying to get on Wall Street? Why is Open USD willing to share part of its revenue with wallets, merchants and other partners? Why are U.S. banks most afraid not of Bitcoin but of their deposits being sucked away by stablecoins? Why might the U.S. government welcome stablecoins because they can both expand the influence of the U.S. dollar and increase demand for U.S. Treasury bonds? Finally, we will also discuss the possible impact of stablecoin development on Circle, Coinbase, Visa, Mastercard, and small and medium-sized banks in the United States. Stablecoins are only worth $1 on the surface, but what they compete for behind the scenes are trillions of dollars in funds, interest and financial power. This video is only for financial knowledge sharing and industry discussion and does not constitute any investment advice. #Stablecoin#USDT #USDC #Coinbase #Circle #digital dollar#finance