Guotai Junan International Research Report: It is Highly Likely that the Stablecoin Market will Present a "Dual-Track Parallel" Development Feature in the Future
BlockBeats News, July 10th. Guotai Junan International recently published a digital asset research report titled "Inspiration from Tether: Can Non-USD Stablecoins Break Through?" The report stated that with the establishment of stablecoin regulatory frameworks in major countries and economies around the world, the global digital asset market is undergoing a historic transformation. The bank pointed out that after years of development, non-USD stablecoins have expanded their foundation, and the "de-dollarization" trend this year has also provided new opportunities for non-USD stablecoins. From the current regulatory framework and development status of the stablecoin market, it is very likely that the stablecoin market will present a "dual-track parallel" development feature in the future.
On the one hand, led by US domestic compliant stablecoins, it serves the heavily regulated traditional financial and institutional markets, emphasizing security, transparency, and legal protection. On the other hand, Tether may continue to play an important role in specific regions and the crypto-native ecosystem; meanwhile, compliant offshore stablecoins pegged to different sovereign currencies will accelerate development, serving specific geopolitical zones and diverse needs. In terms of market composition, for Tether, the wave of US stablecoin compliance is both a challenge to its market share and an opportunity to deepen its presence in specific "offshore" ecosystems. At the same time, non-USD stablecoins can also find their own potential for mainstream adoption through Tether.
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