Stablecoins will become the new darling of the blockchain world?
Stablecoins have always been in an important position. For example, USDT, USDC, BUSD, DAI, etc. have always been digital currencies that people are competing to use in major blockchain platforms. However, due to the recent addition of some giants and halo figures, Stablecoins have once again become the darling of media attention.
Leaving aside some stablecoin projects that have been covered by the media, I will analyze some companies or individuals that have mainly brought stablecoins to the forefront in recent days.
The first is Facebook, which changed Libra's name to Diem after more than a year and changed the nature of cryptocurrencies. It will issue the stable currency Libra in January next year. This move will provide more operability for Facebook's global users and ecological resources, and also marks Facebook's successful entry into the blockchain industry after more than a year.
In the face of strong regulatory requirements, Diem has simplified the economic model and governance model. Although it is more practical, it has given up many original design highlights, which has also led to the withdrawal of many members. The impact on the stablecoin market cannot be ignored, especially under the big tree that is backed by Facebook.
The other is Andre Cronje, who has been popular recently. After the crazy coin issuance in November, he started a bigger ambition in December. Prepare.
All the project coins he participated in have skyrocketed, especially after the news of the two mergers of Cover and Sushi was released, it directly detonated the market, coupled with the infrastructure plug-in of Keep3r. It can be inferred from this that after the official launch of Deriswap, the launch of stablecoins based on the platform can be said to be almost certain.
In view of the current full coverage of DeFi of the AC project and the influx of developers, there is a high probability that the stablecoin will be combined with the existing YFI, Cover, Sushi, etc. after the issuance, so as to fight against the existing stablecoins, and according to AC has always been The concept of the stable currency will expose the risk of the existing stable currency - transparency.
These two are the companies or people who I think are most likely to affect the stablecoin market. Of course, there are other high-quality stablecoins, such as ESD, AMPL and other innovative stablecoins. These currencies have now innovated the stablecoin market model. It may also affect how people use it at some point. But relatively speaking, the currencies issued by Facebook and AC may be more concerned by people, after all, they are at the forefront.
Now it can be seen that the stable currency has become a place where various companies are fighting, and it may form a situation of competition for the throne sometime next year.
This year's DeFi has changed the shape of the existing blockchain world, and next year's stablecoin struggle may wash the market again. We don't know when this war will end, and it may also affect the interests of many people.
Perhaps, in the ever-changing industry of blockchain, invariance is the biggest thunder. Innovation represents progress, and the end of the stablecoin war at some point in the future will also represent the beginning of the real integration of on-chain and off-chain.
