|
|
|
Tether advisor Gabor Gurbacs posted on the X platform, stating, I strongly disagree with VanEck's research team's prediction (VanEck predicts that USDC will eventually replace USDT, as more institutions will show a preference for Circle's stablecoin). I believe Tether will continue to lead and gain market share. Firstly, stablecoins are primarily a tool focused on retail (individuals). This was my point well before USDC emerged and when USDT's market value was far below $100 million. Tether focuses on retail, while Circle focuses on institutions. Secondly, stablecoins primarily address emerging markets, where stablecoins are almost unnecessary in the United States and developed markets. Tether bets on emerging markets, while historically, Circle has bet on developed markets. Thirdly, in most places where stablecoins are used, due to unclear regulatory environments in terms of new technologies and financial innovations, unstable political landscapes, U.S. companies are no longer trusted. Tether is a non-U.S. company, whereas Circle is a U.S. company. Fourth, the distribution of the U.S. dollar internationally aligns with U.S. national interests, not just focusing on the U.S. Tether is doing this work and is a major buyer of U.S. Treasury bonds. Tether has simply made the right bets/focus in the above four areas. That is why Tether continues to lead and will maintain this momentum. I also believe that over time, Tether will collaborate with more institutions worldwide. |
|
Post time 15-12-2023 21:57:06