Guotai Junan Research Report: Tether Faces US Regulatory Challenges, Non-USD Stablecoins Seek a Breakthrough
On July 10 (UTC+8), July 10, Guotai Junan International recently published a digital asset research report entitled "Inspirations from Tether: Can Non-USD Stablecoins Break the Mold?" stating that with the implementation of the global stablecoin regulatory framework, Tether ($USDT) will face severe challenges. The rise of U.S. compliant stablecoins may erode its market share in the institutional market, but Tether remains competitive in high-inflation regions, countries with capital controls, and the crypto-native ecosystem. Research shows that Tether's "technology-neutral" strategy provides development experience for non-USD stablecoins, which can seek breakthroughs by leveraging the "de-dollarization" trend. The future stablecoin market may present a "dual-track parallel" pattern: U.S. compliant stablecoins dominate traditional finance, while Tether and non-USD stablecoins serve specific regions and diversified needs. (Source: TechFlow) [MetaEra]
Guotai Junan Research Report: Tether Faces US Regulatory Challenges, Non-USD Stablecoins Seek a Breakthrough
On July 10 (UTC+8), July 10, Guotai Junan International recently published a digital asset research report entitled "Inspirations from Tether: Can Non-USD Stablecoins Break the Mold?" stating that with the implementation of the global stablecoin regulatory framework, Tether (USDT) will face severe challenges. The rise of U.S. compliant stablecoins may erode its market share in the institutional market, but Tether remains competitive in high-inflation regions, countries with capital controls, and the crypto-native ecosystem. Research shows that Tether's "technology-neutral" strategy provides development experience for non-USD stablecoins, which can seek breakthroughs by leveraging the "de-dollarization" trend. The future stablecoin market may present a "dual-track parallel" pattern: U.S. compliant stablecoins dominate traditional finance, while Tether and non-USD stablecoins serve specific regions and diversified needs. (Source: TechFlow) [MetaEra]
