Stablecoin Market Faces Intense Competition with Emerging Players

According to PANews, the stablecoin sector is anticipated to experience fierce competition, leading to a 'battle of hundreds of coins. ' Despite this, USDT is expected to remain the leader among offshore stablecoins, while USDC will continue to dominate the compliant stablecoin market. However, numerous mid-tier and lower-tier stablecoins are likely to emerge. These stablecoins can be categorized into two main types: compliant stablecoins developed by Web2 companies and decentralized stablecoins created by Web3 companies source: https://www.binance.com/en/square/post/26164341907170?utm_source=BinanceNewsRSS