Wormhole Co-founder: Stablecoin Competition Will Intensify
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最新报道：According to Bijie.com, on September 28 (UTC+8), Wormhole co-founder Dan Reecer stated at Mercado Bitcoin's DAC 2025 event that in the current high-interest rate environment, stablecoin giants like Tether and Circle are reaping huge profits by retaining the US Treasury yields behind their tokens, while stablecoin holders are unable to share in these gains. Data shows that Tether alone achieved a net profit of $4.9 billion in the second quarter of this year, and its valuation has soared to $500 billion. Emerging platforms M^0 and Agora are developing new stablecoin infrastructure aimed at channeling returns to applications or distributing them directly to end users. Meanwhile, the stablecoin market is evolving towards practical use cases such as cross-border payments and foreign exchange services, with the global stablecoin market capitalization exceeding $290 billion. In response, a Tether spokesperson stated that USDT is positioned as a digital dollar, not an investment product, and currently primarily serves users in emerging markets, helping them cope with issues such as inflation and banking system instability.
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