If there's anything that could recently stir up the discussion passion of global financial practitioners, whether in web2 or web3, it would undoubtedly be Circle, which has been rising uncontrollably after its stock market listing. Besides Web3 players generally being pessimistic and even shorting without getting on board, Web2 players are FOMO-ing in, and this terrifying explosive power has already made many traditional financial giants restless, forcing them to directly face the potentially revolutionary impact of stablecoins globally. This makes me feel like I'm sitting on the wheels of history rolling forward again, with a bit of a "great era" feeling.
First, let's look at the scenario @CryptoHayes wrote in his article 'Libra: Zuck Me Gently': "I recently discussed stablecoins with a board member of a large bank, and they said 'we're done for'. They believe stablecoins are unstoppable, using Nigeria as proof. I previously didn't know the extent of USDT penetration in the country, but they told me that one-third of Nigeria's GDP is conducted in USDT, even though the central bank seriously tried to ban cryptocurrencies."
[The rest of the translation follows the same professional and accurate approach, maintaining the original meaning while translating into fluent English.]2、DeFi Projects
DeFi OGs all know that DeFi is like a financial game/stacking game, which can create many variations based on U.S. Treasury underlying yields to improve stablecoin returns. Besides the current leader AAVE, others like Ethena, Pendle, and even Frax have opportunities to benefit. But I'm more looking forward to stimulating the market with more DeFi innovations, including fixed-income business projects that were attempted in the previous summer. New projects mean many opportunities, such as early participation in airdrop farming/earning tokens by providing funds/becoming a contributor/holding secondary tokens.
3、RWA Track
The fusion of yield-bearing stablecoins (with interest) and RWA (real-world assets) protocols will become a major trend, with on-chain bonds and asset pools directly supporting stablecoins. Now even @coinbase is trying to directly support stock tokenization, RWA is truly emerging. RWA series tokens - old and new - will have more opportunities compared to other traditional crypto tracks. Currently, I'm most focused on $ONDO$Plume, and I have good feelings about some new ones, which I'll update later.
Final Summary:
Stablecoin compliance is a major event of reconciliation/integration between cryptocurrency and the real world, potentially affecting hundreds of millions of ordinary people's lives. This also contains enormous opportunities, with $CRCL's surge beyond crypto expectations being just one sign. We may have been in the small web3 world for too long, unable to place ourselves in a larger pool or stage to assess outsiders' expectations of financial innovation (including myself, who previously saw at most 100). But let's seize more opportunities together; the new world has just begun.
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