This CRV incident, many people just regard it as the collapse of a project or capital, but behind it lies the battle for stablecoins among major capitals. Currently, in the stablecoin market, the centralized stablecoin Tether occupies the vast majority of the market share, while algorithmic stablecoins compete for the remaining shares. In this market, if you master the stable currency, you will have the right to issue currency, and you can do a series of Defi pledge financing, which is the favorite of many traditional capital. It is also an important factor in the start of this bull market. There will be more and more similar stablecoin battles in the future!
For articles about stablecoins, please see the article I published on June 24 - The Battle for Stablecoins.
