🔥Blockchain for stablecoins: The game of Tether, Circle, and Stripe 1/ Who is playing big? There are many names working on blockchain for stablecoins, but currently, the three strongest names in this battle are @Tether_to, @circle, and @stripe. - Plasma + Stable from Tether Plasma and Stable are both Layer 1 solutions, backed by @bitfinex and @paoloardoino (CEO of Tether). Although Tether does not directly invest, @bitfinex and Tether are siblings under the same "mother" - iFinex Inc. + Plasma: Bitcoin sidechain, with a speed of 3k tps, EVM compatible. Specializes in dApps and stablecoin payments, especially $USDT with no fees. + Stable: Independent Layer 1, specializing in $USDT payments. Integrates fiat conversion gateways and provides privacy for businesses. 👉Clearly, @PlasmaFDN is heading towards a public and decentralized model like Ethereum, for building dApps and integrating USDT payments. Meanwhile, Layer 1 @stable focuses on $USDT payments and enterprise-level...
🔥New opportunity: The Perp DEX from @ethena_labs is about to launch @etherealdex is a Perp DEX with a processing speed of 1 million orders per second, backed by @ethena_labs. Even in the early stage of depositing to receive points, the project has attracted $400 million in TVL, with a peak of $1.3 billion. The project will become a trading hub for users and institutions on L2 @convergeonchain. Ethena will also gradually transfer some short orders from CEX exchanges to Ethereal in the future. For those who don't know, @convergeonchain uses Arbitrum Orbit technology, built by @ethena_labs and @Securitize. - @ethena_labs: A stablecoin protocol with $14 billion in TVL ($USDe and $USDtb). - @Securitize: A platform for tokenizing real assets, with over $4 billion in TVL and partners like Blackrock, Apollo, and VanEck. Backed by Blackrock and Morgan Stanley. @etherealdex is supported by @ethena_labs, in return, the project will allocate 15% of the total token supply to $ENA...
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