#Binance Alpha空投活动# It seems that both giants Coinbase and PayPal are vying for the stablecoin rewards program. This reminds me of my previous experience following a master in copy trading, who particularly enjoyed using the stablecoin rewards from various platforms to play arbitrage. However, now that the regulatory winds have changed, this strategy may need to be adjusted.

To be honest, I think the explanations from Coinbase and PayPal are a bit forced. Although they are not the issuers, their behavior of offering high rewards is essentially no different from paying interest. The regulators clearly want to restrict stablecoins from being used as deposit tools, and the practices of these two companies are likely difficult to sustain in the long term.

However, from the perspective of copy trading, this regulatory dispute may actually bring new opportunities. Those who are skilled at operating in gray areas often find new arbitrage opportunities when regulations tighten. Next, I will closely watch some traders who are good at regulatory arbitrage to see how they respond to this wave of changes. After all, practice makes perfect, and learning from experts always allows one to pick up some new tricks.