The Most Innovative Project of 2025!! Somnia Brings Blockchain into the Sub-Second Era! A Hundred-Fo…
An eight-year veteran in the crypto space, I've witnessed countless market changes. After all, the majority is rarely right, and opportunities belong only to the few. 🎯 Quick Introduction to Somnia Somnia is a high-performance, low-cost EVM-compatible Layer 1 blockchain that can confirm transactions in less than one second and supports over 1 million transactions per second (TPS). Designed for large-scale user groups, it is suitable for real-time applications fully on-chain, such as gaming, ...
The Shift Behind Farcaster: Web3 Social Narrative Hits a Dead End
From Farcaster to Warpcast, and Back to Farcaster Recently, Dan, co-founder of the Farcaster protocol, announced plans to rebrand its official client app Warpcast as Farcaster, streamlining its domain to farcaster.xyz. The move aims to resolve user confusion between the protocol and its flagship app. Launched in 2021 as a desktop product, Farcaster pivoted to mobile and web in 2023 under the name Warpcast. Initially, the team believed separating the client (Warpcast) from the protocol (Farcas...
A Look into Latin America’s Stablecoin Market: Utility Reigns Supreme, with Brazil and Mexico Leadin…
The Latin American stablecoin market is experiencing explosive growth, with Brazil and Mexico at the forefront as their localized stablecoin ecosystems mature rapidly. Key Data:In July 2025, USDT and USDC accounted for over 90% of exchange transfer volumes (up from just 60% in 2022).The trading volume of Brazilian real-backed stablecoins reached $906 million in July 2025 and is projected to exceed $1.5 billion for the full year.The combined market capitalization of Mexican peso-backed stablec...
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The Most Innovative Project of 2025!! Somnia Brings Blockchain into the Sub-Second Era! A Hundred-Fo…
An eight-year veteran in the crypto space, I've witnessed countless market changes. After all, the majority is rarely right, and opportunities belong only to the few. 🎯 Quick Introduction to Somnia Somnia is a high-performance, low-cost EVM-compatible Layer 1 blockchain that can confirm transactions in less than one second and supports over 1 million transactions per second (TPS). Designed for large-scale user groups, it is suitable for real-time applications fully on-chain, such as gaming, ...
The Shift Behind Farcaster: Web3 Social Narrative Hits a Dead End
From Farcaster to Warpcast, and Back to Farcaster Recently, Dan, co-founder of the Farcaster protocol, announced plans to rebrand its official client app Warpcast as Farcaster, streamlining its domain to farcaster.xyz. The move aims to resolve user confusion between the protocol and its flagship app. Launched in 2021 as a desktop product, Farcaster pivoted to mobile and web in 2023 under the name Warpcast. Initially, the team believed separating the client (Warpcast) from the protocol (Farcas...
A Look into Latin America’s Stablecoin Market: Utility Reigns Supreme, with Brazil and Mexico Leadin…
The Latin American stablecoin market is experiencing explosive growth, with Brazil and Mexico at the forefront as their localized stablecoin ecosystems mature rapidly. Key Data:In July 2025, USDT and USDC accounted for over 90% of exchange transfer volumes (up from just 60% in 2022).The trading volume of Brazilian real-backed stablecoins reached $906 million in July 2025 and is projected to exceed $1.5 billion for the full year.The combined market capitalization of Mexican peso-backed stablec...
The stablecoin sector is heading toward a "hundred-coin battle royale." After intense competition, USDT will remain the offshore leader and USDC the regulated leader, but a long tail of mid- to small-cap stablecoins will persist.
These fall into two categories:
Regulated stablecoins issued by Web2 companies
Decentralized stablecoins built by Web3 projects
Beyond USDC and USDT, localized leaders will emerge—like a Hong Kong dollar-pegged stablecoin or e-commerce-native stablecoins (e.g., JD Coin). These fill gaps where giants can’t reach, embedding deeply with local businesses or niche use cases.
Why governments back local stablecoins:
Prevent capital flight and dollar dominance by anchoring funds to domestic financial systems.
Survival lessons from crypto exchanges:
Mid-tier exchanges thrive by:
Specializing in altcoins and obscure trading pairs (serving specific needs).
Dominating underserved regions (capturing niche markets).
Similarly, smaller stablecoins will carve out space despite giant competition.
Recent U.S. and Hong Kong stablecoin regulations ban interest payments to users, aiming to keep stablecoins as pure payment tools—not bank deposit competitors.
But demand for yield persists:
Corporations and whales holding reserves want safe, yield-bearing alternatives. USDT/USDC offer zero yield, while issuers like Tether and Circle profit from reinvesting reserves.
Web3’s workaround:
Decentralized stablecoins can bundle CeFi/DeFi yield products, offering returns while skirting regulations. Examples:
Delta-neutral stablecoins like Ethena’s USDe or Bitcoin-based BitFi:
Projects hold 1 ETH while shorting equivalent ETH futures, creating price stability.
Users earn funding rate income from perpetual contracts.
With security and yield, these decentralized options gain strong appeal.
The stablecoin market resembles an iceberg:
Visible tip (regulated): USDC dominates, alongside regional compliant stablecoins.
Subsurface (offshore): USDT reigns, larger than the visible market.
Deep waters (niches): A thriving ecosystem of specialized and yield-bearing stablecoins exists beyond the giants’ reach.
The future is pluralistic—no one stablecoin will "win," but each will find its niche.
The stablecoin sector is heading toward a "hundred-coin battle royale." After intense competition, USDT will remain the offshore leader and USDC the regulated leader, but a long tail of mid- to small-cap stablecoins will persist.
These fall into two categories:
Regulated stablecoins issued by Web2 companies
Decentralized stablecoins built by Web3 projects
Beyond USDC and USDT, localized leaders will emerge—like a Hong Kong dollar-pegged stablecoin or e-commerce-native stablecoins (e.g., JD Coin). These fill gaps where giants can’t reach, embedding deeply with local businesses or niche use cases.
Why governments back local stablecoins:
Prevent capital flight and dollar dominance by anchoring funds to domestic financial systems.
Survival lessons from crypto exchanges:
Mid-tier exchanges thrive by:
Specializing in altcoins and obscure trading pairs (serving specific needs).
Dominating underserved regions (capturing niche markets).
Similarly, smaller stablecoins will carve out space despite giant competition.
Recent U.S. and Hong Kong stablecoin regulations ban interest payments to users, aiming to keep stablecoins as pure payment tools—not bank deposit competitors.
But demand for yield persists:
Corporations and whales holding reserves want safe, yield-bearing alternatives. USDT/USDC offer zero yield, while issuers like Tether and Circle profit from reinvesting reserves.
Web3’s workaround:
Decentralized stablecoins can bundle CeFi/DeFi yield products, offering returns while skirting regulations. Examples:
Delta-neutral stablecoins like Ethena’s USDe or Bitcoin-based BitFi:
Projects hold 1 ETH while shorting equivalent ETH futures, creating price stability.
Users earn funding rate income from perpetual contracts.
With security and yield, these decentralized options gain strong appeal.
The stablecoin market resembles an iceberg:
Visible tip (regulated): USDC dominates, alongside regional compliant stablecoins.
Subsurface (offshore): USDT reigns, larger than the visible market.
Deep waters (niches): A thriving ecosystem of specialized and yield-bearing stablecoins exists beyond the giants’ reach.
The future is pluralistic—no one stablecoin will "win," but each will find its niche.
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