Is the continuously expanding stablecoin the future of the financial system or just a passing fad? | Bee Network
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Original author: Angus Berwick Original translation: Luffy, Foresight News In the Alpine town of Lugano, Switzerland, Giancarlo Devasini, one of the worlds newest billionaires, lives a reclusive life. He lives in a modest apartment by the lake, walks the cobblestone streets in a black hoodie, and is furious with an American competitor who he believes is trying to destroy his business. Devasini is one of the main owners of Tether, a company that issues digital dollars that are integral to the cryptocurrency industry. USDT’s centrality has helped Devasini amass a vast fortune, enormous influence in the crypto industry, and the support of one of President Trump’s top allies. Critics say USDT has become the tool of choice for criminal gangs to move money around the world. One powerful rival trying…# Analysis# crypto# defi# ethereum# Exchange# Market# Token# ToolPre
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- Original author: DC Original translation: TechFlow Stablecoins account for 2/3 of on-chain transactions, whether for exchange, use in DeFi, or pure transfers. Initially, stablecoins gained atte...