(1/3) While the industry and media hype out over future/un-launched 'stablecoins' and CBDCs, the market is speaking for itself. USDC has continued to outpace (~$520M in circulation), PAX has flat-lined at $240M, TUSD in rapid decline and GUSD and BUSD are DOA.
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(2/3) Meanwhile Tether continues to be largest stablecoin, offering an attractive option as an unregulated offshore USD shadow banking solution for China and Asia. It's greatest feature is its non-compliance and opacity.
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Replying to @jerallaire1 reply 0 retweets 2 likes
Replying to @lawmaster @jerallaire
Paolo Ardoino Retweeted Paolo Ardoino
Paolo Ardoino added,
Paolo ArdoinoVerified account @paoloardoino
Replying to @jerallaire
Its great feature is the ability of @Tether_to management of creating visionary products and listen to customers. Tether understands the needs of #crypto since 2014.
Also Asia is an important market, so you shouldn't generalize. Does not look good for USDc.
Happy new year 

10:28 AM - 3 Jan 2020
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