#稳定币市场竞争 I've been reading news about stablecoins recently, and I'm a bit confused but also very excited 🤔 Coinbase and SoFi are both launching their own stablecoins. It feels like big companies are really competing in this space?
I used to think stablecoins were just stablecoins, but I found out there are quite big differences. Coinbase's custom stablecoin can be cross-chain interoperable and connect to a global distribution network; SoFi's is the first issued by a U.S. national bank, directly backed 1:1 by Federal Reserve cash, which sounds super secure. Plus, Circle's CEO said that stablecoins will see an explosion in 2026. Is this a sign of takeoff 😲
But with so many giants involved in stablecoins, isn't that a good thing for us newbies? More options, and competition might also lower fees. I also want to ask, how do these different stablecoins work on exchanges? Are there any "traps" to watch out for? When comparing them, which one is more reliable?
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#稳定币市场竞争 I've been reading news about stablecoins recently, and I'm a bit confused but also very excited 🤔 Coinbase and SoFi are both launching their own stablecoins. It feels like big companies are really competing in this space?
I used to think stablecoins were just stablecoins, but I found out there are quite big differences. Coinbase's custom stablecoin can be cross-chain interoperable and connect to a global distribution network; SoFi's is the first issued by a U.S. national bank, directly backed 1:1 by Federal Reserve cash, which sounds super secure. Plus, Circle's CEO said that stablecoins will see an explosion in 2026. Is this a sign of takeoff 😲
But with so many giants involved in stablecoins, isn't that a good thing for us newbies? More options, and competition might also lower fees. I also want to ask, how do these different stablecoins work on exchanges? Are there any "traps" to watch out for? When comparing them, which one is more reliable?