Recently, I saw a piece of news, and I think it’s more worth paying attention to than BTC’s price movements.
21 banks including Citi, Goldman Sachs, Bank of America, and UBS are jointly advancing a USD stablecoin initiative.�
Bitcoin Mastery +1
A few years ago, many traditional financial institutions were still watching Crypto from the sidelines.
Today, they’re getting personally involved in Stablecoins.
This suggests that the market has entered a new phase.
In the future, the focus of competition may no longer be who issues stablecoins, but rather who has real payment use cases, settlement capabilities, and users.
So when I look at the market now, I pay less and less attention to price alone.
I care more about:
Whether stablecoins continue to grow;
Whether on-chain transactions are active;
Whether there are changes in capital flows;
Which ecosystems are truly being used by real people.
For these kinds of data, I first check them at Ave.ai before deciding whether to keep following a particular track.
Many trends show up in the data first, and only later become news.
In your view, will the largest future stablecoin issuers come from Crypto, or from traditional banks?
21 banks including Citi, Goldman Sachs, Bank of America, and UBS are jointly advancing a USD stablecoin initiative.�
Bitcoin Mastery +1
A few years ago, many traditional financial institutions were still watching Crypto from the sidelines.
Today, they’re getting personally involved in Stablecoins.
This suggests that the market has entered a new phase.
In the future, the focus of competition may no longer be who issues stablecoins, but rather who has real payment use cases, settlement capabilities, and users.
So when I look at the market now, I pay less and less attention to price alone.
I care more about:
Whether stablecoins continue to grow;
Whether on-chain transactions are active;
Whether there are changes in capital flows;
Which ecosystems are truly being used by real people.
For these kinds of data, I first check them at Ave.ai before deciding whether to keep following a particular track.
Many trends show up in the data first, and only later become news.
In your view, will the largest future stablecoin issuers come from Crypto, or from traditional banks?