Fast and steady wins the race. To paraphrase Scott Bessent: The USD will remain the dominant reserve currency in the world, and they will use offshore stablecoins to do that. Some pretty incredible statistics: - USDt market cap weekly increase = a top100 token. - Over the last 3 months, USDt grew twice as fast in % / 5x in $ than USDC. - Since Jan 2024, USDt grew more than all USDC outstanding.
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