Waking up early and rushing to catch up late? Binance's stablecoin war The decline of FDUSD had already been reflected before Sun Yuchen's disclosure. Since reaching a historical high of 4.042b at the end of May 2024, the overall circulation has been declining, and today it has only fallen by 46% at 2.2b. Embarrassingly, just after that, the issuance of cryptocurrencies surged again, from 150b to 235b. Not only is FDUSD far behind USDe, but even newly emerged stablecoins are constantly attacking its position in the market, such as SkyUSD 4.55b. From the perspective of coverage chain, FDUSD has always been lying on the Ethereum main chain, without even reaching into Binance's own backyard Bnbchain, with only a mere 89m in size. It is as far away as a dung beetle and an elephant from BUSD, one of the three horses that almost killed USDC when it was at its peak. They also tried to reach their hands into Sui and Sol, which made us have high expectations. In the end, they ran to open a very small pool and couldn't see the benefits, so it didn't come to fruition. After waiting for a year and returning to the starting point, FDUSD is still just the gnawing tribe who can only hold Binance's thigh and wait for Pool to update their stuttering, and there are no other major application scenarios. Even though the couple has been vigorously promoting Bnbchain recently, FDUSD's performance has almost nothing to do with themselves. You should know that BUSD was the universal currency of BSC back then. With Binance's recent support for USDC new releases, I feel that my patience with FDUSD is almost exhausted. What's the point of continuing to feed this group of people who are just waiting to die? Can we take this opportunity to consider switching generals and having someone who understands encryption better and has more strategic tactics to regroup? At least in the past year, I have hardly seen any proactive and effective progress from the FDUSD team, let alone any comparison with the powerful team of the USDe family on the other side. It's a bit like a wealthy second-generation young master holding a handkerchief and competing with Lei Jun about making electric cars. Watching more and more large institutions deploy stablecoins, even Blackrock's BUIDL has reached 1.91b and is about to surpass FDUSD. In the future, besides RWA, stablecoins are seen by many as a battleground and a huge source of profit. My old rival USDC is about to go public. In 2022, when BUSD was at its peak, its market value reached 23.5B. Don't really wake up early and rush to the market late, cousin. @CZ_Sinance, otherwise this stable ticket in your hand will also be lost.