Now we see that the number of stablecoin players will continue to grow. In addition to the original USDC/USDT, more wallets, DEXs, CEXs, lending platforms, larger projects, fintech companies, and even traditional banks will participate in this game. Cloudflare's involvement is just a small reflection of this trend. The technical barriers to issuing stablecoins are rapidly decreasing, and it won't be long before we discover dozens or even hundreds of stablecoins in the market. Besides USD stablecoins, there will be other stablecoins, but ultimately, not many will become popular.
Everyone sees the big cake, second only to the exchange's big cake. These newly issued stablecoins need to find outlets, and stablecoins require collateralized assets, which will accelerate the integration of traditional finance and crypto finance. In the long run, the day when a large amount of BTC/ETH is used as underlying collateral is getting closer.
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