Will the Trump family's stablecoin dominate? Industry pros predict it will surpass USDT by 2028.
Kyle Klemmer, co-founder of Blockstreet, boldly predicts that by the end of Trump's term in 2028, the USD1 stablecoin supported by the Trump family will surpass the two current giants of the stablecoin market, USDT and USDC, becoming the new dominant force. This prediction may sound a bit absurd at first, but upon closer examination, it's not entirely impossible.
USD1's current market value has reached 2.5 billion USD. Although this is a huge gap compared to USDT's trillion scale, the growth momentum cannot be underestimated. Moreover, USD1 has been deployed on mainstream public chains such as Ethereum, BNB Chain, Tron, and Solana, showcasing the team's ambition and strong execution capability, allowing it to reach a wider user base and laying the foundation for the popularity of stablecoins.
The two factors mentioned by Kyle Klemmer, team strength and market enthusiasm, are indeed worth paying attention to. Trump, as a former president, has a level of traffic and influence that is difficult for other projects to match. In the cryptocurrency industry, which is highly reliant on consensus and trust, the celebrity effect can often produce unexpected results. If Trump fully promotes USD1, with his political resources and business network, it might really create miracles.
However, it is indeed quite difficult to surpass USDT and USDC. These two major stablecoin giants not only entered the market early, gaining first-mover advantage, but they have also accumulated deep expertise in compliance, technical stability, and ecosystem development. Despite continuous controversies, the market position of USDT remains solid; USDC is supported by Circle, excelling in compliance. If USD1 wants to achieve a comeback, it must excel in these areas.
The regulatory environment is also a key variable affecting the development of USD1. If Trump successfully returns to the White House in 2024, his friendly attitude towards cryptocurrencies may create a more favorable development environment for USD1. However, policies are full of uncertainties, and many changes may occur over the four-year period.
Overall, Kyle Klemmer's prediction, while bold, is not without basis. The cryptocurrency industry is inherently filled with disruption and innovation, and miracles do happen from time to time. Whether USD1 can make a successful comeback remains to be seen. #BTC##ETH##Gate重磅上线GUSD##ETH走势分析##Solana财库公司崛起#
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Will the Trump family's stablecoin dominate? Industry pros predict it will surpass USDT by 2028.
Kyle Klemmer, co-founder of Blockstreet, boldly predicts that by the end of Trump's term in 2028, the USD1 stablecoin supported by the Trump family will surpass the two current giants of the stablecoin market, USDT and USDC, becoming the new dominant force. This prediction may sound a bit absurd at first, but upon closer examination, it's not entirely impossible.
USD1's current market value has reached 2.5 billion USD. Although this is a huge gap compared to USDT's trillion scale, the growth momentum cannot be underestimated. Moreover, USD1 has been deployed on mainstream public chains such as Ethereum, BNB Chain, Tron, and Solana, showcasing the team's ambition and strong execution capability, allowing it to reach a wider user base and laying the foundation for the popularity of stablecoins.
The two factors mentioned by Kyle Klemmer, team strength and market enthusiasm, are indeed worth paying attention to. Trump, as a former president, has a level of traffic and influence that is difficult for other projects to match. In the cryptocurrency industry, which is highly reliant on consensus and trust, the celebrity effect can often produce unexpected results. If Trump fully promotes USD1, with his political resources and business network, it might really create miracles.
However, it is indeed quite difficult to surpass USDT and USDC. These two major stablecoin giants not only entered the market early, gaining first-mover advantage, but they have also accumulated deep expertise in compliance, technical stability, and ecosystem development. Despite continuous controversies, the market position of USDT remains solid; USDC is supported by Circle, excelling in compliance. If USD1 wants to achieve a comeback, it must excel in these areas.
The regulatory environment is also a key variable affecting the development of USD1. If Trump successfully returns to the White House in 2024, his friendly attitude towards cryptocurrencies may create a more favorable development environment for USD1. However, policies are full of uncertainties, and many changes may occur over the four-year period.
Overall, Kyle Klemmer's prediction, while bold, is not without basis. The cryptocurrency industry is inherently filled with disruption and innovation, and miracles do happen from time to time. Whether USD1 can make a successful comeback remains to be seen. #BTC# #ETH# #Gate重磅上线GUSD# #ETH走势分析# #Solana财库公司崛起#