There is a detail that you should not have noticed, that is, TEDA will set up a branch in the United States and issue a fully compliant new U, but it is not the original USDT This shows that TEDA not only wants to seize the compliance market, but also does not want to give up the overseas market (grey industry) outside the supervision It is conceivable that USDC will definitely use its existing compliance and 100% reserve advantages, as well as its relationship with Wall Street, to quickly build institutional-level trust (USDC has a market share of more than 70% in the United States). Compete for the commanding heights of liquidity, institutional liquidity. The higher the liquidity, the lower the slippage of the transaction, the more it can attract large funds, and the more it can increase liquidity. Domestic USDC, overseas USDT. The double-headed pattern of the U is faintly visible. Next, when the fully regulated U stands firm, guess what the old men of Congress who are holding USDC's dad Coinbase money will do? If more bills are passed, who will be biased? So, this is why USDC is the biggest beneficiary of this bill.