
Phyrex|Apr 12, 2025 19:18
The Wall Street Journal reported that Binacne executives met with US Treasury officials last month to discuss the easing policy on Binance regulation, explore the possibility of cooperation with Trump's World Liberty Financial, and plan to launch a new stable currency anchoring the US dollar with WLFI.
Here is my own opinion:
After the anchoring event of FDUSD, although it has almost returned to a 1:1 anchoring, users' trust in FDUSD has significantly decreased due to the lag of Binance and FDT at the time of the event and the lack of any subsequent actions. From the data of this issue of LaunchPool WCT, it can be seen that the amount of funds in FDUSD is less than 720 million US dollars, while USDC is 2.35 billion US dollars, with a gap of more than three times.
In the previous issue, FDUSD had a value of 1.45 billion US dollars, which is more than double the difference. The level of trust users have in FDUSD is already clear, so it is natural to develop a new stablecoin.
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